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disc

This query is : Resolved 
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(Querist)
15 January 2011 Hello sir

creditors give discount on every bill ,rather then they will give addl discount per month. i have create disc A/C and Addl Discount A/c under indirect income .
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 January 2011 If it is nature of Trade discount you can account the bill net of discount & if discount is cash discount you can create the discount a/c under Indirect income
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