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About settlement discount.

This topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.

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November 4, 2021 at 6:43 pm #639932
hermela
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- Topics: 18
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Can we debit settlement discount on our payable ledger even if we know that we cant take the discount?
November 5, 2021 at 9:10 am #639974
John Moffat
Keymaster
- Topics: 57
- Replies: 54701
No. It is only recorded as and when we actually take the discount. If we do not take it then it is not recorded.
I do explain how it is dealt with in my free lectures.
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