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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.
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Answer / 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 |
Answer / ck singal
the group is "Indirect Expenses"
B'coz, it will deemed as a business expense
| Is This Answer Correct ? | 1 Yes | 0 No |
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