Interested to Buy Any Domain ? << Click Here >> for more details...
Wht is the differance between Trade discount and cash
Discount?
- 6 Answers
- 15428 Views
- I also Faced
- E-Mail Answers
Answer Posted / abhishek shah
In trade discount we do not less trade amt in sale
voucher .we entered amount direct amt less trade amount.
Ex. Garment sale 950
Total Amt 950
50Rs is trade discount.
In Cash discount we less cash discount amt in sale voucher.
Ex. Garment sale 1000
cash Discount 50
Total Amt 950+
In journal there is no entry of trade discount, But in cash
discount there is an proper entry of cash discount
| Is This Answer Correct ? | 19 Yes | 1 No |
Post New Answer View All Answers
What is meant by calendar maintenance?
Explain have you ever heard about tds, what it is?
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
In accounting, vat abbreviates what?
payment voucher for advance salary
What is the difference between trial balance and general ledger?
What are the four classifications of bad and doubtful debts as per the context of the bank?
what are cost accounting and its applications?
can any accountant forward format of daily or monthly mis format for accounts and finance dept!!
Other accounting interview questions to expect when you interview for an accountancy job include:
how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come
what is the difference between accounting and bookkeeping?
HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB
Mention the types of ledgers?
what is cost center & cost categories in tally
