provision for discount received
nothing there the something ...
A trade discount occurs when an item is offered along with another item that is paid for. A cash discount is a reduction in the price of an item.
$26.35
i think the present of 700 is 700%
provision for discount received
discount allowed means the discount which is given by a seller to the buyer. and discount received means the discount received by the seller for purchases made
Discount allowed is that amount which is given by our company to others while discount received is that amount which is received by our company from others.while discount allowedDebit discount allowedCredit cashwhile discount receivedDebit cashCredit discount received
Dr cash/bank Cr discount received
no because the discount allowed and discount received are totally diffrent and has no link with each other where as if credit note is not issued than it cant received even
Cash discounts are received on cash sales. The seller or provider often refers to the cash discount as a sales discount.
nothing there the something ...
does discount allowed and discount received go into the income statement or balance sheet?
A trade discount occurs when an item is offered along with another item that is paid for. A cash discount is a reduction in the price of an item.
Rent Received Commission Received Scrap Sales Discount on Purchase Interest Received
credit
Trade Discount