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Kasar account or Rebate & discount

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Naveen Kumar

629 Points Posted on 10 April 2021

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.

Ankit Neema

2742 Points Posted on 10 April 2021

Rebate and discount is good

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 11 April 2021

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.