IS CASH DISCOUNT/RECIVED IS OPERATING EXPENSE/INCOME?
- 2 Answers
- 21995 Views
- I also Faced
- E-Mail Answers
Answer Posted / gautam kothari
Cash discount paid is an operating expense.
| Is This Answer Correct ? | 7 Yes | 12 No |
Post New Answer View All Answers
Explain me fair value accounting?
can i material bill book in miro without vat on transport charges ?
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.
What is an adjusting journal entry?
Knowing what you know now, walk me through what you would do differently to drive even more success?
What are negative postings?What are Credit memos ?Payment Requests ?
Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect
Explain have you ever prepared mis reports and what are these?
What is Statory Books ?
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
Do you know balancing in accounting?
How do you prepare mis reports?
What are time sheets?
I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?
