Journal entry of discount not credit note
This query is : Resolved
13 October 2020
journal entry of discount not credit note part self makee journal entry and says to me make journal entry and i l make journal entry and is this
PARTY A......DR
................CR PURCHASE AC
THEN IT LESS FROM PURCHASE DOES IT RIGHT
PARTY A......DR
................CR PURCHASE AC
THEN IT LESS FROM PURCHASE DOES IT RIGHT
13 October 2020
Yes, it's right. The value of purchase reduced due to discount.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- USE THE BANK ACCOUNT OF WIFE
- If ITC not claimed is there any issue
- Benefit of employee
- Commission from nepal
- Deemed rent on house property
- SALE OF RESIDENTIAL HOUSE PROPERTY PURCHASE AN AGRICULTURAL LAND
- 60 days significance in defining a resident
- Profit From trading in MCX Taxable income Rate?
- TDS on HSN code 998313
- Rental Agreement for Joint property holders
- RCM PAID BUT NOT DISCLOSED IN GSTR 3B - RELATED JEDGEMENTS
- Letter Format for Jurisdiction change
- Place of supply or billing addres which applicable for tax
- The recent CBIC clarification via Circular No. 231/25/2024-GST dated 10.09.2024 itc Allowed demo car
- CSC centre individual bank transaction limit
- Tax implications on withdrawal of EPF and NPS
- Misreporting of Input Credit of RCM as Normal ITC Year 20-21
- Relating to debt funds taxation
- Place of supply of advisory service
- REAL ESTATE BUSINESS INCOME
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert04 February 2025
CAclubindia
