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...

What is the entry for Discount Received? & What is the
entry for discount paid?

Answer Posted / rohit

for discount paid
discount paid is indirect expenses
Discount paid DR
party CR

for dis received
is indirect income
dis received CR
Party DR

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is tribal area allowance means

3134


Explain me what is general ledger account?

1105


Cash Processing

2345


If the company acquires equipment prior to incorporation what are the accounting entries?

1555


cheque deposit is a contra entry?

2096


How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.

1762


What was your average accounts receivable days outstanding/days sales outstanding?

1046


Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?

1824


Sir i want to ask that if the salary above 6500/- than also pf deduct.

1932


Which accounting application you prefer most and why?

1098


Please provide me the entire format of P.F. & ESI

2057


sir i am working in construction company.we have more than one projects.i enter the attendance projectwise in payroll.if payroll autofill i want project wise salaries not overall

1898


What was the most difficult deal you had to close?

952


whats difference between manufacturing account & cost account

2181


Define tally accounting

918