June 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Discount

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
September 22, 2014 at 10:56 pm #195977
XXY
Member
- Topics: 8
- Replies: 4
Hi sir.
Is only cash discount posted to discount allowed?
September 23, 2014 at 7:21 am #196006
John Moffat
Keymaster
- Topics: 57
- Replies: 54684
Yes – only cash/settlement discounts given to customers is entered in the discounts allowed account.
(Trade discounts simply reduce the selling price, and the resulting selling price is DR Receivables CR sales)
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.