Discounts

This topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.

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March 6, 2021 at 3:30 pm #613770
andreaskraken
Member
- Topics: 57
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cash discounts are not recorded in trade receivable control account right..

It should be recorded in the ledger account right??
March 6, 2021 at 4:19 pm #613778
John Moffat
Keymaster
- Topics: 57
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They are not recorded in either if they were discounts for payment in cash. If payment is in cash then there is no receivable!
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