Sale of Rs.10000, where in 50% is on credit and there 10%
discount on the immediete payment. Pass a journal entry for
this
Answer Posted / srinivasa v
Debtors A/c Dr. 5000
Cash A/c Dr. 4500
Discount A/c Dr. 500
To Sales A/c 10000
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is bad debt expense?
Can you please explain the difference between differentiate between consignor and consignee?
What is mis report , how to prepare mis report for general ledger?
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
Please provide me the entire format of P.F. & ESI
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).
Explain have you ever prepared mis reports and what are these?
how to upload ledgers in excel or word document
were you happy with the grades you achieved at a-level?
Do you know how many types of business transactions are there in accounting?
In the Manufacturing IF QC reject the material. Then where to record rejected material amount.
Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?
Do you know what is icai?
Explain me the difference between public and private accounting?
in terms of accounting the trial balance when is it taken?