Ledger posting related query
This query is : Resolved
30 December 2020
we purchased a bus from tata motors through X-finance company is rs.20,00,000. The X-finance company paid the total amount of rs.20,00,000/- to tata motors. After Next month tata motors give a discount of rs.1,00,000/- and deposited into our bank account. so, how to post the ledgers? please
04 January 2021
We have to Debit the X-Finance Companty and Credit Discount Account as it is an indirect income for us.
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