on 10-06-2008 9:36 AM
hi
difference for cash discount expenses vs lost cash discount
what gl a/c for lost cash discount (exp. or curent liability)
thank u
shusma
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Cash Discount(expense): If any discount given to customer that should be treated as discount.
Lost Cash Discount: I understand this is (missing)lost of cash?? if so, you have to treat this as expense.
Vijay
hi,
Cash discount given/loss will be the P&L account only.
Sateesh
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