Kasar account or Rebate & discount

Sir,

please suggest Kasar account and rebate and discount both are same or note if we need to create the ledger in tally which one is good kasar account or rebate and discount.
Replies (5)
Quick Summary
This discussion explores the difference between a 'Kasar account' and a 'Rebate & Discount' account when setting up ledgers in Tally. Participants suggest that a Rebate & Discount account is generally the better option. A Kasar account is described as a monthly discount offered to chit fund holders, which can lead to bid losses. Using a Rebate & Discount account is recommended for better accounting practices.

Rebate and discount is good
Rebate and discount is best option. As kasar account is a. It's monthly discount offered to chit holders in making the monthly payment. There is bid loss to the chit fund. In every auction, the chit would be bid and the bidder-member will auction the chit for his desired amount.
Use rebate and discount account for same...
Rebate and discount is best option
Rebate & Discount

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details