What is the treatment of cash discount and trade discount in cash book?

Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Next Question:
Manufacturer produces a product A which costs to him 100 and wanted to earn 16 a...
Posted by:
Urslan Ali
07-December-2014

Money Cash AJAX Discounting Finance

Question ajoutée par Dhwani Jain
Date de publication: 2017/07/13

Apprécier (0) Vues (3) Suiveurs (1) Réponses (1) Report Question

Ajoutez Une Réponse
Inscrivez-vous ou connectez-vous pour répondre.

1 Réponses

Hussain Maqsood

par Hussain Maqsood , Software Engineer (Web Developer) , First Flight Travels & Tourism

Suppose Ram has sold goods to Sham on Credit of Rs. 50000 and it is the term of agreement that if Sham pays within 20 day of this purchase, he can recieve 10% discount. If Sham pays within 20 days then Treat cash discount in day book of both parties.

Déprécier Réponses () Rapport

Recherches Populaires

Offres d'Emploi Technicien Offres d'Emploi Ingénieur Offres d'Emploi Vendeur Offres d'Emploi Comptable Offres d'Emploi Informaticien

Ecrivez Votre Réponse

More Questions Like This

The credit policy of Spurling Products is "1.5/10, net 35." At present 30% of the customers take the discount,
Top Answer: Lower than the present level<<<<<<<<<>>>>>>>>>>& ... Voir Plus

Réponses (7)
A company recorded its August 15 receipts on its books as $165. However, the receipts were actually $156.
Top Answer: Well The company added $165 to its accounting records when it should have added only $156. In other words ... Voir Plus

Réponses (5)
A business-printed or catalog price is called the _? a. list price b. trade price c. cash discount d. trade discount ?
Top Answer: A. List Price. They are the listed price/ catalogue price. Voir Plus

Réponses (1)
Journal entry of purchase goods from m/s amod & bros in cash worth 200000 Rs. At trade discount of 10% and 20% cash discount?
Top Answer: Good purchased A/C Dr,Cr Trade discout A/C,Cr Suppliers A.C.It can only be passed in suppliers A/c, ... Voir Plus

Réponses (1)

Avez-vous besoin d'aide pour créer un CV ayant les mots-clés recherchés par les employeurs?

Obtenir de l'aide