EASYOFFICE

Accounting treatment of credit notes

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 May 2014 What is the treatment of credit notes received on account of special discount and early payment discounts?

Also, whether making provisions for receipt of such credit notes is in accordance with Accounting Standard - 9?
Profile Image

CA Parul Saxena

Profile Image

CA Parul Saxena (Expert)
07 May 2014 No provision is to be made. Just Debit the party and credit the discount received account.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links