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Adjustment of rest amount

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Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2017 Dear Experts.
pls clarify :- suppose we have purchased the goods of 15005 however we have paid only 15000 to vendor instead of 15005 also we will not pay this rest Rs. 5

so How this rest Rs. 5 will be Adjust in which Head.

Thanks
Prachi

Amol S Joglekar

Amol S Joglekar (Expert)

01 July 2017 it can be treated as discount earned.

Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2017 bur sir it is not any discount

Amol S Joglekar

Amol S Joglekar (Expert)

01 July 2017 try to consider the magnitude of the amount......it is really immaterial...isnt it?..... it is a sort of forced discount...... you can treat it as "rounding off amount" as well.....whichever suits you

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