Scheme discount

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47 Points Posted on 31 May 2020
Please explain treatment of scheme discount ?
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On 31 May 2020 at 22:49 Report
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Quick Summary
This discussion clarifies the accounting treatment of scheme discounts. It explains that if a scheme discount is considered revenue, it should be credited. Conversely, if it's treated as a cost, it should be debited. The core principle is to correctly classify the discount to ensure accurate financial reporting.

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Finance/Compliance Consultant
69650 Points Posted on 01 June 2020
If it is revenue it needs to be credited otherwise debited.
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On 01 June 2020 at 08:15
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47 Points Posted on 01 June 2020
Thank you
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On 01 June 2020 at 11:06

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