what will be the entry for credit purchases with discount
Answer Posted / mahalakshmi
purchase a/c Dr XXXX
To sundry creditor XXXX
Discount Received XXXX
(being credit purchses made & discount received)
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
How create the invoices?
can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.
Purchase order value Rs. 10000/- 0.7% is erection chareges (inclusive of the above price) central Excise applicable & Local sales tax applicable,The above price is inclusive of all taxes.
What are the most important goals of accounts receivable?
your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?
WHERE WE CAN USE VAT 5%,14.5%
What is the use of form D in sale tax
What is accounting transaction?
what is book building
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
in trading credit why does goods sent on consignment come?
Tell me what is the general classification of accounts that usually ledger account involve?
Tell me what is working capital?
What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?
What is the importance of accounting standards?