Home furniture sold goods to Jhon for 150000 on 10th march 2015, due to damage occured in transmit rs 20000 worth of goods have been returned on 16th march 2015. What is the journal entry for both the instances ?
Answer Posted / rafeeq ahmed
10th march 2015 By sales a/c Dr 150000
16 th march 2015By goods in transit a/c Dr. 20000
To cash a/c 130000.
Let me know this answer is right or wrong.
Is This Answer Correct ? | 4 Yes | 2 No |
Post New Answer View All Answers
Is an "account receivable" and "goodwill" real accounts in accounting?
In accounting, vat abbreviates what?
credit card all entry pass in tally
Do you know the term account payable?
What are the 4 principles of gaap?
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
What is the networth percentage observe by banks
How you can adjust entries into account?
How to make a vat entry in books including setoff?
What is the disadvantage of double entry system?
sIR, DEAR SIR, WE ARE PREPARING EXPORT INVOICES AT THE TIME OF INVOICE PREPARATION WE MENTIONED EXCISE, EDN CESS AND SH EDN CESS AMOUNT ALSO IS IT CORRECT ARE NOT BUT I THINK WHEN MATERIAL SOLD EXPORT EXCEMPTION FROM EXCISE, EDN CESS AND SH EDN CESS WHICH EVER IS CORRECT. PLEASE CLARIFY MY DOUT. ADVANCE THANKING YOU,
Why TDS not Deducted on Service tax amount of Rent.
My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523
Do you know company's payable cycle?
Explain different branches of accounting?