goods purchased worth Rs. 20 Lacs on 16 Feb.2024.
Above same related goods commercial discount credit note received from seller
on 15 April 2024.
Goods purchased accounting entry made
in F.Y.23 -24 books of account.
My question-
Whether discount entry give effect in f.y.
23-24 or 24-25
By discount amount whether give effect to related purchased account or to show
separately discount received in profit and loss account in credit side.
please guide
CAclubindia
