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Trade discount


18 June 2014 Dear Sir,

Please tell Trade Discount received from Sundry Creditors is in under Purchase account or Indirect Income,

18 June 2014 it under the purchases a/c

19 June 2014 Dear Sir,

Thank you for the same, we have not received the trade discount in bill it is come by credit note, we entered the credit note in purchase account,

purchase value is affected isn't right?




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