Discount Received from supplier
Amit (Accounts ) (528 Points)
07 May 2022Amit (Accounts ) (528 Points)
07 May 2022
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 07 May 2022
No, you cannot write off the creditorand have to book the discount/incentive as other income or you cna adjust it with the particular expenditure. The effect on the profit will remain same.