16 October 2015
Option1. FirSt u give discount to ur debtors hence it is an expense for u , so book it as an expense. When u receive discount u can either credit the same discount a/c above or credit it in other income A/c
option 2. Pass the following JV for the amt of discount to be re-imbursed by HUL
HUL A/c Dr 100 To Debtor A/c 100
In this way it will neither be ur income nor your expense.
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