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Kasar account

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Naveen Kumar

629 Points Posted on 04 April 2021

Sir,

What is kasar account ?

Supplier is invoice value 249846/- We made the payment 250000 supplier has pass the entry Rs.154 under kasar account and clear the ledger.

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Quick Summary

A 'kasar account' is used to record miscellaneous discounts incurred in the ordinary course of business. In this example, a supplier was paid slightly more than the invoice value, and the excess amount was posted to the kasar account to clear the ledger. This effectively accounts for a small, business-related discount received.