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HOW TO TREAT DISCOUNT RECEIVED FROM SELLER

A/c entries 420 views 6 replies

PURACHASE VEHICLE FROM TATA INVOICE VALUE 46,38,300/-

INSURANCE FROM SELLER 88,854/-

RTO PENDING

DISCOUNT GIVEN DEBITED TO BANK ACCOUNT 5,96,000/-

 VEHICLE FINANCED BY X BANK 45,79,000/-

PLEASE PROVIDE JOURNALS FOR ABOVE TRANSACTION SEQUENTIALLY

Replies (6)
Query is slightly confusing...
Please give correct values...
Discount cannot be debited to bakk account
Originally posted by : sabyasachi mukherjee
opening quote Discount cannot be debited to bakk account closing quote

Why not, Any reason...???

cash discount provided

correct values sir

 

Please connect with me on raj @ rcdco.in w.r.t accounting for purchase of vehicle


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