Prompt discount payment
satish borude (Accounts Executive) (35 Points)
30 January 2020
what is the accounting treatment of Electricity payment for prompt discount
2 Replies
Belda Ramesh
(35 Points)
Replied 31 January 2020
Entry for payment of electricity bill
electricitya/c
to casha/c
to discount on electricity bill a/c
electricitya/c
to casha/c
to discount on electricity bill a/c
ACCOUNTANT
(Student)
(559 Points)
Replied 03 February 2020
And to write off to p&l it is p&l a/c Dr
To Electricity a/c
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