Discount during sale
This query is : Resolved
29 August 2008
How Discount will be treated for the purpose of transaction value calculation.... any one can explain me the same??
29 August 2008
when discout is given on sales then sales value is reduced & net value is your sales value
sales 103
discount 3
net sales 100
vat@4% 4
total sales 104
if you are given discout after sales value then your sales is icreasec & vat also increased & discount is goes to p& l a/c
sales 103
discount 3
net sales 100
vat@4% 4
total sales 104
if you are given discout after sales value then your sales is icreasec & vat also increased & discount is goes to p& l a/c
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