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entries

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(Querist)
22 November 2010 what should be entries discount allowed
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CA.Madhusudan B.P.

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CA.Madhusudan B.P. (Expert)
22 November 2010 Achal Kumar,
Better refer a basic accounting book for passing the entry & for your knowledge, why should there by debit & credit, what are the basic principles of accounts etc., When you are through with these basic accouning principles, you will find it very easy to pass an entry.
What type of discount is it?

Generally
Dr Discount
Cr Customer
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