If we give a discount to any customer on our invoice & issue
a credit note of discount than what will be the group of
discount in tally. please suggest me.
Answers were Sorted based on User's Feedback
Answer / ramajayam
it is discount allowed we have entries passed on journal
Exp:-
by Discount allowed Dr xxx
to party Cr xxx
This actually we are giving to benefits to our debtors
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ck singal
the group is "Indirect Expenses"
B'coz, it will deemed as a business expense
Is This Answer Correct ? | 1 Yes | 0 No |
My Annual salary 180000/- and house rent income 24000/- and for 2009-10.LIC paid Rs 18000/- annual and 3500/- mediclaim so please explain me with detals how caluclate the tax which is paid to department. Please give all details of calucation.
What are the reasons which cause pass book of the bank and your bank book not tally?
tion betweeninradius and circumradius of an equilateral triangle?
Received intrest Rs.50 on advanve income-tax paid.
WHAT IS OPERATING CYCLE?
how intangible assets are entered in B/s. plz send me the answer of this question in my e-mailid-prabhatsingh873@gmail.com
0 Answers State Bank Of India SBI,
What will be entry for that: Busines strarted with brrowed cash Rs. 25000 from Mr. X. if capital will be creadit. ???????????????????????WHY????????????????
The parties to joint venture is called_________ (a) Co-venturers (b) Partners (c) Principal & Agent (d) Friends
if I m taking a loan from bank of AED 20 lakhs @ 10.25% per annum for 10 years how much amount as intrest I need to pay in this 10 year period of time to bank.
how many tds payable if i win 15000 only 5000 or whole amt
What is meant by daily accrual and booking?
can any one tell me what is the difference between Accounting period & Financial year? Will be waiting for your answer. It's an open source question, any correct answer will be appreciable. Thanks. Regards, Mr. RKO