Why trade discount is not recorded in the books of account?
Answers were Sorted based on User's Feedback
Answer / naveen kumar jm
Selling price is negotiated before raising the invoice; first we book original entry with revised selling price hence it is completely omitted from the books of accounts. And its permissible
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / deepashree p
because the company need to earn extra profit they are not mentioned in books of accounts
| Is This Answer Correct ? | 2 Yes | 5 No |
EXPAND_________SCB
what is mean by MIS?
Which are Accounting Standers?
what is 94c,94J,and 94I form meant for ?
11 Answers CA, Chartered Accountant, RP, TTC, Vertex,
What aspect of accounting do you dislike the most?
If net profit is a profit why does it appear on the liability side of the balance sheet
Can you explain about the distinction of Book-Keeping and Accounting
Please anybody explain me debit note & credit note & their importance in accounts?
what is meant by MIS reporting
WHAT IS THE CASH CREDIT AND LETTER OF CREDIT?
Are service charges made on tenants' property rental to be regarded as incoming resources?
what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.