Turn Over Discount received at the end of the financial year is direct income or indirect income.
1 Replies
devendrakumar
(Chartered Accountant)
(11 Points)
Replied 29 March 2017
Turnover discount is not direct income.
Turnover discount is not given to each and every customers.
It is given only to such customers who reach the target of given quantity.
party who gives turnover discount reduces the same from total sales effected during the year
Similaarly the party who receives the quatity discount reduces from the total purchases done during the yea
D.K.Doshi
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