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Discount and closing value
suppose a person purchase a product for 1000 for 100. rupees discount(0nly 900 is paid to the party ,100 is discount) then what is the value of my closing stock 1000 or 900(ignore cost or market price which ever is less)
Replies (1)
if discount is trade discount, we should recognise RS. 900.
if not recognise at RS. 1000
if not recognise at RS. 1000
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