Answered Questions

  • Accounting - Correct Entry

    i want to know right enrtry of this question DEBTORS 10000/- DISCOUNT ALLOWED 1000/- RECEIVED BAL 4000/- REST OF AMOUNT BAD DEBTS

    Shahnawaz

    • Jul 24th, 2017

    DR - Discount allowed 1000 + Cash/Bank 4000 + Bad Debt Expense 5000
    CR - Accounts Receivables 10000

    Amaed Ahmed

    • Dec 3rd, 2016

    (1) in Payment Voucher
    Cash / Bank A/c ............ Dr Rs. 4000/-
    Discount Allowed A/c ..... Dr Rs 1000/-
    To, Debtor A/c ..............Cr Rs 5000/-

    (2) In Journal Voucher
    Bad Debts A/c DR .......... Rs 5000/-
    To, Debtor A/c Cr ........... Rs 5000/-