Answer Posted / kavita sharma

1) If we do entry for discount received
Then,
Creditors A/c Dr
To Discount Received A/C


2) If we do entry for Discount Allowed
Then,
Discount Allowed A/c Dr.
Party A/c Cr.

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943

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1320

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Company ABC split 1:3 on March 31, 2009 and split 3:1 on March 31, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 3000 $75.00 April 23, 2009 $72.00 2300 $72.00 March 31, 2009 $67.00 999 $ March 31, 2008 $275.00 300 $91.66 November 30, 2007 $233.00 6800 $77.66 October 6, 2006 $1,333.00 13000 $444.33

1915

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