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Cash discount accounting treatment


Imran Ahmad (Working on GST with HLL & Castrol Distributor )     24 February 2018

Imran Ahmad
Working on GST with HLL & Castrol Distributor  
 3 likes  118 points

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My employer received Post Sale Discount. What is its Accounting Treatment. And how it is repor in BS or GSTR-1

yatendra lataa   24 February 2018

yatendra lataa

 4 points

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normally cash discount is the cost of seller it should be deducted from sales.
no specific treatment is there.

if I am wrong pls tell me.

avater

Imran Ahmad (Working on GST with HLL & Castrol Distributor )     27 February 2018

Imran Ahmad
Working on GST with HLL & Castrol Distributor  
 3 likes  118 points

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It should be shown seperatally in P&L Account


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