assume that i have a coaching institute.
i created an account named "student acc" under sundry creditors
at the time of admission the "student acc" is debited with the fees the student as to pay.
but in some cases i have to give a discount to the student later on.
i dont want to edit my fees from say 10000 to 8000 to give 2000 as discount
i want to maintain my original fees and also the amount of discount i have given over a period
so can i do that by creating a dicsount ledger under indirect expenses?
if so how will the account entries be??
please help.
CAclubindia
