Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between cash discount and trade
discount.
what is the journal entry for purchase of 100000 giving
(a) 5% trade discount
(b) 5% cash discount.
- 20 Answers
- 57487 Views
- TCS, I also Faced
- E-Mail Answers
Answer Posted / sreejith as
At The time of purchase (@5% Trade Discount)
Purchase A/c.... Dr 9500
To Sundry Creditors A/c 9500
At The Time Of Payment Before Due (@5% Cash Discount).
Sundry Creditors A/c Dr. 9500
To Discount Received A/c 475
To Cash 9025
| Is This Answer Correct ? | 10 Yes | 0 No |
Post New Answer View All Answers
what are the main tools of auditing?
Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.
Explain the before an audit processes?
What is caro 2004?
When should a company sack its auditor?
What is statutory audit?
What does an internal audit charter contain?
Whats are the importance of evaluating an internal audit department?
What are the reasons for getting audited?
what is the PRPOER way of accounting salaries ETF EPF
What do you find the most challenging in Accpuntant role
THIS QUESTION IS RELATED TO PAY ROLLS IF ANY BODY HAS THE FORMULAES IN EXCEL ABOUT PAYROLLS CALUCULATIONS PLS HELP ME OUT
Discuss the factors to be considered by the auditor in order to determine an audit strategy.
What should the internal auditor?
Why you want to be a auditor?
