Bill amount or after discount amount
This query is : Resolved
23 July 2021
i purchase goods [food grain and pulses] and received bill for full amount party issue 4% discount on bill amount.please advice me should i pass entry after discount amount or for full bill amount .as if i record full bill amount my gross profit is showing excess.bill amount 100000 discount 4000 payment 96000.please advice me with legal view what is correct?96000 or 100000
with thanks
with thanks
24 July 2021
Pass entry after discount amount.
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