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Book purchase at Gross value or net value in case of cash discount provided by supplier if payment made within due date.
Replies (3)
Quick Summary
If discount is given on invoice, then at time pf booking invoice otherwise at time of payment
@ sujith sir
at time pf booking means?
Discount is given in invoice with payment condition & GST charge after discount amount
at time pf booking means?
Discount is given in invoice with payment condition & GST charge after discount amount
Cash discount means your opportunity cost of money you are paying early. We will record Gross Value because cash discount is Recorded.
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