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.

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How is scrap value calculated?

634


what is accounting cycle ?

4747


Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.

488


What are mis reports and do you prepare it?

608


What is fair value accounting?

624






what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement

1714


Is an "account receivable" and "goodwill" real accounts in accounting?

587


Tell me why do you apply for a job of an account executive?

637


A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?

1733


RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above

1757


Where do we show "Dividend paid in FFS ,either in FFO or in FFS? what is teh concept behind?

1545


ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher

1095


SHADOW BALANCE SHEET

12861


What is the difference between deferred revenue and accrued revenue?

625


Hi.. I am pursuing my MBA II year thrgh distance frm O.U HYD., Pls let me know any jobs...in Bank jobssssss

1803