Interested to Buy Any Domain ? << Click Here >> for more details...
what is cash discount?
- 7 Answers
- 12235 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / g.siva nageswara rao
It is allowed by the creditors to the debtor an incetives
to thelater to make earlypayment.
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / pradeep
cash discount is an discount given by the suppliers to the purchaser,when purchaser have ready to pay full amount of credit purchase money at single time.
e.g:- a purchaser have to pay 1000 Rs to his supplier with in 1 month(1-01-2000 to 31-01-2000). but purchaser ready to pay that amount in 15-01-2000.so because of his early payment supplier his ready to give cash discount of 100 Rs to purchaser.
Journal entry:
Supplier a/c Dr 900
Cash discount a/c Dr 100
To cash a/c 1000
| Is This Answer Correct ? | 10 Yes | 5 No |
Answer / kalloo lal
cash lene p jo discount mil jaye wo hi cash discount hot
hai bhai sahab.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / g.sivakumar
in some times we are giving some cash back on sales that is
called as cash discount.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / s v sudhakar
A cash discount is a deduction allowed by the seller of goods or by the provider of services in order to motivate the customer to pay within a specified time. The seller or provider often refers to the cash discount as a sales discount. The buyer often refers to the same discount as a purchase discount.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / guest
if any company sales to goods to customer. if customer pay
at a time the company gives cash discount
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / vishnu gopal kharche
The cash discount get from shopkeeper to parchaser when the
purchaser buy things by cash against cash memo & not
against credit bill.This policy maintain by shopkeeper for
increase the sale.
| Is This Answer Correct ? | 0 Yes | 2 No |
WHAT TYPE OF QUESTION WILL YOU ASK IN INTERVIEW BECAUSE IAM FRESHER
2 Answers Bank of Baroda, State Bank Of India SBI, Vserve,
Please let me know in which Section we can disallow loss on sale of assets which has been debited in profit and loss account
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
what is good will and what are the different types of good will
wat is the golden rule of accounting
12 Answers Capital IQ, Reliance,
what is mean by account
what is Bank Reconciliation Statement (BRS) give detailed explanation with causes?
I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary
0 Answers College School Exams Tests,
What steps would you take to locate the errors in case trial balance disagrees?
What is Compound Interest?
what are the limitations of accounting ratios?
Your grandfather is 75 years old. He has total saving of Rs. 80000. He expects that he live for another 10 years and will like to spend his saving by them. He placed his saving into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occuring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
Audit 
