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What is the difference between discount allowed and discount received?
discount allowed means the discount which is given by a seller to the buyer. and discount received means the discount received by the seller for purchases made
What is the difference between discount allowed and discount received and their accounting treatment?
Discount allowed is that amount which is given by our company to others while discount received is that amount which is received by our company from others.while discount allowedDebit discount allowedCredit cashwhile discount receivedDebit cashCredit discount received
When debentures are issued at a discount it is prudent to write off the discount?
when debentures are issued at discount, it is prudent to write off the discount
Is discount referring to discount received or discount allowed?
The term "discount" can refer to both "discount received" and "discount allowed," depending on the context. "Discount received" typically refers to a reduction in price that a buyer gets from a seller, while "discount allowed" refers to the reduction that a seller offers to a buyer. To clarify which meaning is intended, it's essential to consider the context in which the term is used.
What is trade and cash discount?
Trade discount is the discount which is in actual sale price of unit at the time of sales and never shown in books of accounts. Cash discount is the discount in value of accounts receivable after sales completed.
How do you abreviate associate?
abreviate associates
How can you abreviate grams?
g
How do you abreviate attached?
att.
How do you abreviate millimeters?
mm
How do you abreviate road?
rd.
How do you abreviate mister?
Mr.
How do you abreviate the word entertainment?
ent.
How do you abreviate the word international?
Int.
How do you abreviate the word government?
Gov.
How do you abreviate the word company?
co.
How do you abreviate Management?
Mgmt. or mgt. Both are acceptable.
Abbreviate 1 million dollars?
How do I abreviate 6.4 million ? Thx
