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

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September 22, 2014 at 10:56 pm #195977
XXY
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- Topics: 8
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Hi sir.
Is only cash discount posted to discount allowed?
September 23, 2014 at 7:21 am #196006
John Moffat
Keymaster
- Topics: 57
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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)
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