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treatment of discount

This query is : Resolved 
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(Querist)
25 May 2009 can u tell me about discount? which one method of the following is more usefull.
if gross salse is 100
Less :- discount 4
Net sales 96
Vat @4% 3.84
Gross sales 99.84

OR
if gross salse is 100
Vat @4% 4
Net sales 104
Discount 4
Gross sales 100
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
25 May 2009 ON the amount realisable only VAT should be charged. First entry is correct.
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Namdev Dhongade

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Namdev Dhongade (Querist)
25 May 2009 Thanks Sir
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