Capital account-whether it is a Personal or Real Account?
If a cash discount is availed off on purchase of Capital goods -what will be the journal entry?
Joydeep Mukherjee (Articled Assistant) (28 Points)
04 February 2010Capital account-whether it is a Personal or Real Account?
If a cash discount is availed off on purchase of Capital goods -what will be the journal entry?
ashish gupta
( student)
(1922 Points)
Replied 04 February 2010
Capital A/c is a personal account and go through the AS-10 for your 2nd q.
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