0
What else can I help you with?
What is the journal entry for earned discount?
[Debit] Cash[Credit] Discount earning
How do you record journal entry to purchase goods with trade discount?
debit goods purchased (at trade discount amount)credit cash / bank / accounts payable
What is the journal entry for purchase discount?
Purchase A/c........Dr To Discount Recievable A/c To Party name A/C
What journal entry is used to record purchase discounts?
It depends on the kind of discount and agreement that has been agreed upon in the sale transaction. Here is an example of a journal entry for discount for a normal credit sale transaction: Accounts receivable 9000 (dr) Discount from sale 500 (dr) Sales 9500 (cr)
What is the journal entry for purchase returns?
[Debit] Purchase Return [Credit] Purchases
What is the journal entry for credit sales with a discount?
Debit accounts receivableCredit sales revenue
What is the journal entry for a cash purchase with discount?
Debit purchasesCredit cash / bankno entry for trade discount and in case of cash discount:Debit purchasesCredit cash / bankcredit discount
Journal entry for credit purchase?
[Debit] Purchases[Credit] Accounts payable
What is the journal entry for purchase return goods on credit?
debit accounts payablecredit purchase returns
How do you undo a general journal entry for a purchase discount?
purchse a/c dr to cash a/c
Journal entry of credit purchase of asset?
Debit assetsCredit accounts payable
What is journal entry for cash purchase?
[Debit] Purchases [Credit] cash / bank
