My employer received Post Sale Discount. What is its Accounting Treatment. And how it is repor in BS or GSTR-1
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Cash discount accounting treatment
Replies (2)
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.
no specific treatment is there.
if I am wrong pls tell me.
It should be shown seperatally in P&L Account
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