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Accounting standard

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 August 2011 whether,i can show my net sales(sales less discount)it is valid according to accounting standard
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
24 August 2011 Sales can be shown as Sales Less Trade Discounts.

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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
24 August 2011 yes. incase trade discount can be account net of the discount.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
24 August 2011
Trade discount should be less in sales.

cash discount will be show separately.

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