Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Accounting Question Help Please?
I would like to know how I should journalize this entry:

Credit invoice received from Sam's Trailors for a 10% price adjustment on
invoice #515, $1910

Please tell me what to debit/credit....purchase discounts, or purchase returns.
THANKS

Answer Posted / sajjad1

Dear you have to Pass this entry

Sam Trailer A/C 191 (dr)
Dicount on Purchse A/C 191 (Cr)
Dear there is no P/R its for asjustemt entry

If u cr the purchase Return then the closing stock will be
distrub.

Is This Answer Correct ?    0 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are the different causes for discrepencybetween the balance of cash book and pass book

1950


Explain valuation methods of Normal and Abnormal loss

2081


how to prepare mba finance for interview questions

2751


can i get exact salary of clerk in SBI. and i want to know about promotion details .....

2051


What is mean by Reserve on Consolidation?

28272


What are motive behind mergers And acquisitions?

2194


You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger

3484


The Analysis of flow of funds through an organization can be very useful to the managment. Elucidate

2554


A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty

1904


someone plz plz plzz.. send me the sample papers for SBI clerical xams... i need it very badly..

2551


How many types we are received funds in business purpose

2434


Expand-------ANTS

2075


what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year

2617


In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.

2063


I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?

2099