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Basic accounting question

ted9308 · 2014-12-07 17:22:55

This might be a simple enoigh question for ye but I'm just not 100% on it.We've been given a case study in which we have to draw up all accounts.my question relates to the cheque payments book/bank book.There's two columns provided,discount recieved and €(in that order).The infromation provided says that we paid 2000 to a…

07-12-2014 06:22PM

#1

ted9308

Registered Users, Registered Users 2 Posts: 82 ✭✭

Join Date: December 2009

Posts: 42

This might be a simple enoigh question for ye but I'm just not 100% on it.We've been given a case study in which we have to draw up all accounts.my question relates to the cheque payments book/bank book.There's two columns provided,discount recieved and €(in that order).The infromation provided says that we paid 2000 to a creditor and recieved 200 discount.Do you place 2000 or 1800 in the €column?It's 2000 isn't it?

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Comments

#2 08-12-2014 02:23PM

Bobby1984

Registered Users, Registered Users 2 Posts: 269 ✭✭

Join Date: September 2009

Posts: 251

Kind of hard to tell without seeing the information provided. However I would imagine that you put €200 in the discount column and €2,000 in the next column. The invoice from the creditor should have been for €2,200.

Hope this helps

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