Treatment of discount given on sale of gift vouchers

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Gambheer Singh (Querist)
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01 September 2016 Dear Experts
If a retailer sale the gift voucher for Rs. 2000/- and give discount for Rs. 500/- on gift voucher sale. Now the customer buy the product of the company for Rs. 2000/- and make the payment through above voucher. Now which one of following is correct. 1) Sale of Product 2000 - Less gift voucher discount Rs. 500/- = Net Product sale Rs. 1500/- or 2) Sale be Rs. 2000/- and Rs. 500/- Discount of Gift Voucher be expense out.

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Gambheer Singh

Gambheer Singh (Querist)
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12 September 2016 Dear Experts

Requested to reply to my query.