Cash Discount treatment in books

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21 Points Posted on 21 August 2023

Cash Discount is a direct income or indirect income
 

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On 21 August 2023 at 09:07 Report
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This discussion clarifies the accounting treatment of cash discounts. It establishes that cash discounts are considered indirect income. Consequently, they should be credited directly to the Profit and Loss (P&L) account.

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"Do the Right Thing...!!!"
128157 Points Posted on 21 August 2023
Indirect income...
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On 21 August 2023 at 15:20
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24 Points Posted on 23 August 2023
Credited in P/L account
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On 23 August 2023 at 13:13

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