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Discount allowed

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166 Points Posted on 15 August 2020
in ICAI material discount allowed is considered as TEMPORARY CAPITAL as per traditional approach actually it is an expense right??
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On 15 August 2020 at 22:41 Report
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Profession Business
28207 Points Posted on 16 August 2020
Who told you wrong concept.
44 Reply
On 16 August 2020 at 08:10
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166 Points Posted on 16 August 2020
In ICAI material it is given as temporary capital why?
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On 16 August 2020 at 13:08
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Profession Business
28207 Points Posted on 16 August 2020
It's not temporary capital.
44 Reply
On 16 August 2020 at 18:44
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166 Points Posted on 16 August 2020
Kk tq
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On 16 August 2020 at 18:45
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1012 Points Posted on 20 August 2020

Hi Bsai

Can you share the exact statement from ICAI material that reads the same. Will help to clear this misinterpretation of words.

1 Reply
On 20 August 2020 at 02:20


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