Dear Sir,
In addition to trade discount the party has also given cash discount at the time of making complete payment how the same is accounted ?
17 Replies
kamal kishor sen
(STUDENT Rajasthan)
(2156 Points)
Replied 14 July 2011
Party a/c Dr.
Discount a/c Dr. (only cash discount)
To Cash a/c
Note :- Trade discount is not accounted .
valji
(Accounts manager-MBA)
(2150 Points)
Replied 14 July 2011
agree with above only cash discount will be entered
jaganathan
(accounts executive)
(272 Points)
Replied 14 July 2011
| Originally posted by : kamal kishor sen | ||
 |
Cash a/c Dr. Discount a/c Dr. (only cash discount) To party a/c Note :- Trade discount is not accounted . |
 |
Agreed
ravi
(indore)
(21 Points)
Replied 14 July 2011
cash a/c dr.
discount a/c dr. only cash dicount
no any other
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 14 July 2011
IN CASE OF CASH DISCOUNT RECEIVED FROM PARTY
PARTY AC- - - - - - - -- - - - - - - - - - - - - - -- DR.
TO DISCOUNT AC
TO CASH AC
(BEING DISCOUNT RECEIVED ON CASH PAYMENT)
Anshul Shukla
(Article assistant)
(63 Points)
Replied 14 July 2011
| Originally posted by : kamal kishor sen | ||
|
|
Cash a/c Dr. Discount a/c Dr. (only cash discount) To party a/c Note :- Trade discount is not accounted . |
|
agreed with kamal kishor
Amit Surana
(Student CA/CS-Professional)
(268 Points)
Replied 14 July 2011
Trade discount are not recorded while journalising only cash discount is recorded..........
pankaj kumar
(studying )
(186 Points)
Replied 15 July 2011
supplier/creditors A/c....Dr.
To Cash A/c
To Discount received A/c
Deepak T Shetty
(Chartered Accountant)
(121 Points)
Replied 15 July 2011
{ IN CASE OF CASH DISCOUNT RECEIVED FROM PARTY
PARTY AC- - - - - - - -- - - - - - - - - - - - - - -- DR.
TO DISCOUNT AC
TO CASH AC
(BEING DISCOUNT RECEIVED ON CASH PAYMENT) }
I completely agree with Adithya.... its very much correct
mukesh kumar khantwal
(account assisstant)
(22 Points)
Replied 15 July 2011
sir,
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mukesh kumar khantwal
(account assisstant)
(22 Points)
Replied 15 July 2011
Give me details delhi best of instute of accounting in short term cours (c.a & icwa )left.
IMRAN KHAN
(Commercial Executive)
(24 Points)
Replied 16 July 2011
HOW TO REDUCE THE FIXED COST AT BRANCH EXPENSES LEVEL ACCOUNTING?
Raj Kumar
(Student)
(102 Points)
Replied 18 July 2011
@ Imran Khan
Firstly tell me which expenses you want to minimise
then i will address u
Thanxx...........
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