Discount allowed
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 March 2014
How discount allowed can be a income...?
and why do we show discount allowed as credit item in self balancing....?
and why do we show discount allowed as credit item in self balancing....?
07 March 2014
well if the purchase is booked at full value, you will have to show discount as income. the effect is same as of reducing the same from purchase cost (but that wont be correct accounting)
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