Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / manohar
discount received assuming it is not cash discount is
credited to the P&l as income. However, depending upon the
nature of discount it can either be reduced from the cost
of the purchases or treted as other income. for example
discounts received by a retailer of certain goods like
electrinic items or beaverages like coca cola should go to
reduce the cost of purchases in order to reflect the true
cost goods sold.
| Is This Answer Correct ? | 3 Yes | 3 No |
Post New Answer View All Answers
define drawer or maker
WHAT ARE EQUITY SECURITIES?
Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
What is communicating
what is the difference between financial accouning and financial management?
capital introduced by partners? how it will be shown in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post) (in which vocher we can post it)
what are the uniform public construction cost accounting act procedures?
what are the accounting ratios
if jj form not cancelled within 1hour,wat to do
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
HOW I CAN PREPARE A BALANCE SHEET OF A COMPANY ?
as per partership firm TDS receivable at the end of goes to partners current account, but at the multinational company how pass TDS entry pass, where is it is goes
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times
total capital stock
What is Provision for expenses?
