goods sold at discount/or at cost price because the goods are display goods what is the accounting treatment for it
does it is recorded or not ??
goods sold at discount/or at cost price because the goods are display goods what is the accounting treatment for it
does it is recorded or not ??
does this discount is recorded or not and is this trade discount
Yes , you have to record discount in the books of accounts, if it is not Trade discount. Also you have apply section 15(3) of the CGST Act in case of discount .
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