Purchase Entry
RAHUL SHAW (47 Points)
04 February 2020
Book purchase at Gross value or net value in case of cash discount provided by supplier if payment made within due date.
3 Replies
sujith kumar dasa
(banglore)
(1496 Points)
Replied 04 February 2020
If discount is given on invoice, then at time pf booking invoice otherwise at time of payment
RAHUL SHAW
(47 Points)
Replied 04 February 2020
@ sujith sir
at time pf booking means?
Discount is given in invoice with payment condition & GST charge after discount amount
at time pf booking means?
Discount is given in invoice with payment condition & GST charge after discount amount
shubham agarwal
(11 Points)
Replied 05 February 2020
Cash discount means your opportunity cost of money you are paying early. We will record Gross Value because cash discount is Recorded.
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