4) What is Journal Entry of 1) Credit Sales.
2) Credit sales
with Discount.
3) Credit sales
with VAT.
4) Outstanding
Rent paid.
5) Credit Purchase.
6) Out
standing wages paid.
7) Bank over draft
8) bank charges
9) Dishonor check
Answer Posted / vinay
Customer a/c DR
To sales a/c
customer a/c DR
Discount a/c DR
To sales a/c
Customer a/c DR
To sales
To VAT
Rent a/c DR
To outstanding rent a/c
Purchases a/c DR
To Suppliers a/c
Wages a/c DR
To outstanding wages a/c
Bank a/c DR
To bank OD
Bank charges DR
To Bank
Bank DR
To customer
| Is This Answer Correct ? | 15 Yes | 5 No |
Post New Answer View All Answers
Short Answer on ________Ad-Valorem Duties
what is the subprime?explain it.
What is DRA in bank reconciliation.
Do v call director in the partnership firm?
HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI
Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry
IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT
give the examples of Error of Duplication?and Error of compensatin? with entries
Is commodities transaction tax a permissible business expenditure? Explain
what is account & what is finance
What is meant by Revenue Loss
to attend interview for real estate company accounts
What is the meaning of Debt reconciliation and how to do debt reconciliation?
let me know the meaning and Nature of cash
What is the Technology used to carry out trades?