discount received on purchase of capital assets
This query is : Resolved
25 November 2010
Discount received on purchase of capital assets
where we account this in financial statement???
where we account this in financial statement???
25 November 2010
As far i think discount received is a nominal account regardless the matter that is has been earned on purchase of capital goods or otherwise
so it will be treated as the same as in the case of nominal goods
thanks
As far i think discount received is a nominal account regardless the matter that is has been earned on purchase of capital goods or otherwise
so it will be treated as the same as in the case of nominal goods
thanks
25 November 2010
reduce from cost in b/s refer AS 10
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