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 :)

N Jain (Expert)
12 January 2017

Pass a Journal Entry
Dr. Discount Allowed
Cr. Customer/Buyer

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