What is the difference between Discount & consession?
Answer Posted / guest
Discount is the difference between MRP and amount paid by
the customer that amount is for whole customer and anybody
can avail this facility.
Concession is the difference between MRP and amount paid by
the close customer. Concession is for close customer only
i.e.- Suppose A Shirt which MRP is Rs.1000/- I go to shop
and I got discount of 20%. then i will got that shirt for
Rs.800 only. again suppose that shopkeeper is my fast
friend then as friendly relation he will allow me extra 5%
as concession.
| Is This Answer Correct ? | 42 Yes | 5 No |
Post New Answer View All Answers
What is entry of Dishonored cheque issued to supplier
How time sheets are maintained?
Plant and machinery destroyed for 50000
What are the nine accounting cycles?
when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier
BRIEF IN DETAIL REGARDING RATIOS
Tell me whether the account “cash” will be credited or debited, when a company pays a bill?
Explain me do you think accounting standards are mandatory and why?
what is debit balance report in SAP?. how do you describe DB report in brief.
What is the difference between accrual
Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
What are a debit note and credit note with an example?
GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?
capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?
Plz Ask from me New Accounting Questions.