Send to Sagar outward invoice for goods supplied by shekhar at list price less 10%TD, WHAT will be the journal entry?
Answers
Answered by
14
Answer:
The journal entry for the goods purchased from Shekhar is as:
Explanation:
Purchase A/c................Dr XXXX
To Discount Received A/c.....Cr XXXX
To Shekhar A/c........................Cr XXXX
As Sagar receives the invoice, so he will debit the purchase account because he bought goods, received 10% trade discount so it will be credited and the amount is not yet paid so the account of Shekhar will be credited.
Answered by
0
Answer:
sagar a/c dr
to purchase return a/c
(being goods supllied by shekhar sent to sagar with 10% TD)
Explanation:
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