Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Purchased machinery. From naveen of list price 20000.trade discount received 10%, what should be journal entry?

Modern Trade Trade Studies Data Entry International Trade
user-image
Question added by ajay eren
Date Posted: 2016/03/23
Upvote (0) Views (1) Followers (2) Answers (2) Report Question
Write an Answer
Register now or log in to answer.
Amarnath Menon
by Amarnath Menon , Assistant Manager , Axis Bank Ltd

Machinery Ac       Dr

Dicount Ac          Dr

                     To        Purchase    Ac

 

Oluwatobi Balogun
by Oluwatobi Balogun , PAYROLL ASSISTANT , UNIEXCEL RESOURCES SDN BHD

Dr Machinery Non current account 

Dr Discount Rec Account 

Cr Purchases account 

Write Your Answer
More Questions Like This