Doubt about cash discount and trade discount
Sohil (Learner) (631 Points)
15 February 2012Sohil (Learner) (631 Points)
15 February 2012
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 10 March 2012
Mr Sohil,
You are right. The agent has to make deductions like trade discount and cash discount first and on the balance amount only he should charge VAT....MJK
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