Capitalizing asset with discount
This query is : Resolved
amar kumar
(Querist)
24 October 2015
If co.has purchased a trailer from Ashok Leyland dealer for Rs.100 and paid the same to Ashok Leyland , but the dealer on his disposal but cutting off his own margin pay co. Rs. 10 back as discount .Please tell me what should be as asset amount and how to account that Rs.10 received from dealer . ??
CA AnKiT BoHrA (AB)
(Expert)
24 October 2015
yes it should be of rs 90.............
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