Interested to Buy Any Domain ? << Click Here >> for more details...
IS CASH DISCOUNT/RECIVED IS OPERATING EXPENSE/INCOME?
- 2 Answers
- 23245 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
No. Cash Discount Received or paid are not Operating
Income/Expense. Only Trade Discount shown in the
Purchase/Sales Income is an operation item and needs to be
adjusted with Purchases/Sales while accounting the transaction.
Cash Discount Received can be accounted as Other Income &
Cash Discount Allowed/Paid can be accounted under Financial
Charges, as this is a result of financial decision.
| Is This Answer Correct ? | 25 Yes | 8 No |
Answer / gautam kothari
Cash discount paid is an operating expense.
| Is This Answer Correct ? | 7 Yes | 12 No |
how to create salary and pf statement in excel sheet?
input vat, wht use in wct
our company given party to employees. this expenditure which account head booked ? please tell me
When we paid tds on rent how will journal entry will come and how to enter in tally software?
Do you know overhead in terms of accounting?
What is a comprehensive income?
What is Amortisation? What is the difference between depreciation and amortisation?
what is the entry for toll gate fee
Under which head the cleaning expenses will come in accounts
ADR
Define offset accounting?
what is asset in accounting
Audit 
