Jewellery Saving Plan entry in Accounting

This query is : Resolved

Aman Verma (Querist)
Follow

03 May 2020 Hello Sir,
I have jewellery Business, and run a jewellery plan in which customer Give 11 installment payment each month and purchase jewellery 12 month with Discount.
example : Customer pay 2000 * 11 month = 22000 +2000 Add Bonus as discount 12 month, Now Customer purchase jewelley in 12 month.

please Suggest how entry in Accounting.
1.The money the customer has given will go from which account to which account in Accounting
2.Discount As Called Bonus Entry in Accounting
2.Scheme Amount Show in balancesheet
3.How to show scheme Amount in Balance Sheet
4.Jewellery Saving Plan according to tax and law

c.bakshi

c.bakshi (Expert)
Follow

04 May 2020 1. cash/bank to customer
2. discount to customer
3. advances from customer under unsecured loan
4. there is no such scheme as per law however many companies like kalyan jewellers, reliance jewels also using this facility

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

ASHOK KUMAR TEKURU

venkateswara reddy

Adesh Mahajan

CA TARUN JINDAL

Chaitanya Voolla

Subscribe Now

Jewellery Saving Plan entry in Accounting

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Accountant

Article Assistant

GST CONSULTANT

CA Final