hey can any one tell me,
when consignor get discounted from bank "bill of exchange", recieved from consignee as advance than whether this discount expense is to be charged to consignment a/c or p/l a/c?
siddharth jain (ca- ipcc) (197 Points)
15 May 2010hey can any one tell me,
when consignor get discounted from bank "bill of exchange", recieved from consignee as advance than whether this discount expense is to be charged to consignment a/c or p/l a/c?
CA Seema Kochar
(CHARTERED ACCOUNTANT)
(636 Points)
Replied 15 May 2010
If nothing is mention then Consignment A/c.
Vaibhav
(CA IPCC Student)
(34 Points)
Replied 23 May 2010
Discounting charges are not shown in consignment a/c.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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