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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Discount received

Viewing 4 posts - 1 through 4 (of 4 total)
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  • March 2, 2024 at 10:41 am #701655
    Avatarmiracle657
    Participant
    • Topics: 65
    • Replies: 26
    • ☆☆

    Hello dear tutor, discount received is recorded cash received book or cash payment side?

    March 4, 2024 at 9:19 am #701908
    Avatarfredymaila
    Participant
    • Topics: 48
    • Replies: 129
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    Cash payment side as we get it for prompt payment.

    March 4, 2024 at 3:11 pm #701938
    AvatarJohn Moffat
    Member
    • Topics: 57
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    • ☆☆☆☆☆

    fredymaila: Please do not answer in this forum – it is the Ask the Tutor Forum and you are not the tutor. (But please do help people in the other general Paper FA forum 🙂 )

    March 4, 2024 at 3:13 pm #701939
    AvatarJohn Moffat
    Member
    • Topics: 57
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    miracle657: If it is a settlement discount, then a note will be made of it in the cash payment side of an analysed cash book.

    However the analysed cash book is not longer examinable in Paper FA, and all you need for the exam relating to discounts is covered in my free notes and lectures.

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