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Credit purchases from Ram & Co. for Rs.5,000. Cash discount will be received at 5% on payment of bill within 10 days. What will be Journal entry for this question?
Most Upvoted Answer
Credit purchases from Ram & Co. for Rs.5,000. Cash discount will be re...
If he gives money in 10 days
1 purchase ac dr 5000
to ram &co 5000
2 ram&co dr 5000
to cash ac 4750
to discount received 250
1 purchase ac dr 5000
to ram &co 5000
2 ram&co dr 5000
to cash ac 4750
to discount received 250
Community Answer
Credit purchases from Ram & Co. for Rs.5,000. Cash discount will be re...
My main function is to assist users in generating human-like text based on the input given to me. However, if you are looking to make a credit purchase from Ram, you may need to contact them directly to inquire about their credit policies and terms.
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Credit purchases from Ram & Co. for Rs.5,000. Cash discount will be received at 5% on payment of bill within 10 days. What will be Journal entry for this question?
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Credit purchases from Ram & Co. for Rs.5,000. Cash discount will be received at 5% on payment of bill within 10 days. What will be Journal entry for this question? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Credit purchases from Ram & Co. for Rs.5,000. Cash discount will be received at 5% on payment of bill within 10 days. What will be Journal entry for this question? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Credit purchases from Ram & Co. for Rs.5,000. Cash discount will be received at 5% on payment of bill within 10 days. What will be Journal entry for this question?.
Credit purchases from Ram & Co. for Rs.5,000. Cash discount will be received at 5% on payment of bill within 10 days. What will be Journal entry for this question? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Credit purchases from Ram & Co. for Rs.5,000. Cash discount will be received at 5% on payment of bill within 10 days. What will be Journal entry for this question? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Credit purchases from Ram & Co. for Rs.5,000. Cash discount will be received at 5% on payment of bill within 10 days. What will be Journal entry for this question?.
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