how to entry of discount on sale.
This query is : Resolved
11 January 2017
i explain. i sale 30000 of goods. and send the bill to party. After 30 days i received the amount of 28000 that mean 2000 is discount.
remember - i am not discount in sale voucher bcz bill already send to party that amount is 30000.
than how to entry in accounting software.
thanks in advance :)
12 January 2017
Pass a Journal Entry
Dr. Discount Allowed
Cr. Customer/Buyer
Dr. Discount Allowed
Cr. Customer/Buyer
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