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Prompt discount payment
what is the accounting treatment of Electricity payment for prompt discount
Replies (2)
Quick Summary
Entry for payment of electricity bill
electricitya/c
to casha/c
to discount on electricity bill a/c
electricitya/c
to casha/c
to discount on electricity bill a/c
And to write off to p&l it is p&l a/c Dr
To Electricity a/c
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