Allowability of cash discount
whether cash discount allowed to customers is allowable when there is no confirmation of sale as well as cash discount from respective customers.
Replies (1)
cash discount is normally allowed on the basis of cash memo unless there is a evidence of manipulation of cash memo.
However if there is no cash memo and there is no way to identify coustomer there are some judgements where cash discount is allowed on the basis of sales tax return filed.
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