Discount Received from supplier
Amit (Accounts ) (526 Points)
07 May 2022Amit (Accounts ) (526 Points)
07 May 2022
CA Puja Sharma
(Chartered Accountant)
(4969 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.
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