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
what is Functional Specification in SAP FICO?
Expand---------MDOT
how to do the recurring entries or steps to follow that
is it necessasary to make a partnership deed
i want the steps involved in the customization for the process order. my situations is if i take the process order for x qty then stores people can issue only x qty not less or not more. how to do this. pls help me
What is SOX
What Question ask in MARKIT Company?
which name written in Tan application form Applicant is sole proprieter companies name or individual name?
can payorder be issued for outstation?if yes then how?should it be account payee?
What is wealth maximisation
Which Exchange determine Foreign Exchange/Currency Rate?
If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.
EXPAND___________IMA
Anyone whose sbi interview has been over , please share all the question asked by them
what did you mean by cash credit limit account ?