Frndzz plz suggest me what to be done in the following situation
A Debtor deducted payment on account of shortage while weighing at the Debtor's premises.
This deduction should be treated in what way?
Whether this is Discount allowed?
Menu
A/c entry
Replies (3)
yup.... you can consider it as discount allowed... or else part payment
U will have to pass the following entry
Debit : Weigment loss a/c Dr
Credit : Debtor A.c
bhargav can you explain your entry... i didnt got you
Recent Topics :
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
Related Topics :
CAclubindia
