Hello Friends
My company is purchased the one item it is cost of all inclused 15,00,000
Bus payement is given settlement of the amount 13,00,000 and difference amount 2,00,000 is discount on the amount
In the discont is taken profit and loss account is taken discount recived indirect income is correct or not
please give me susgeation
Thanking You
Gonkar reddy
| Originally posted by : gonkarreddy | ||
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Hello Friends My company is purchased the one item it is cost of all inclused 15,00,000 But payement is given settlement of the amount 13,00,000 and difference amount 2,00,000 is discount on the amount In the discont is taken profit and loss account is taken discount recived indirect income is correct or not please give me susgeation Thanking You Gonkar reddy |
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IT WAS CORRECT
O P Bagla & Co LLP
New Delhi
CA Inter
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
