If we give a discount to any customer on our invoice & issue a credit note

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.

Question Posted / jitendra

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If we give a discount to any customer on our invoice & issue a credit note of discount than wha..

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

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If we give a discount to any customer on our invoice & issue a credit note of discount than wha..

Answer / ck singal

the group is "Indirect Expenses"
B'coz, it will deemed as a business expense

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