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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
What is the difference between discount and loss?
hi I'm Nivedita.the difference between discount and loss is discount is the reduced price whereas loss means the amount of money lost from the c.p.
Why are the discount columns in the cash book not balanced?
The discount columns in the cash book may not be balanced due to various reasons, such as errors in recording transactions, miscalculations of discount amounts, or discrepancies between the cash received and the discounts allowed. Additionally, timing differences in recognizing discounts can lead to temporary imbalances. Regular reconciliation and careful review of transactions can help identify and correct these discrepancies.
What you called the difference between interest received interest paid?
its called the spread
What is the difference between a discount sales tax and a tip in relation to the total cost?
A discount is money off a product, a sales tax is money added to the price of a product, and a tip is money given to someone fr good service.
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
What is the difference between discount given and discount received?
nothing there the something ...
What is the difference between a trading discount and a discount allowed?
1 billion equable whats?
What is the Difference between trade discount and discount allowed?
trade discount is for trade customer (who has an account with the supplier) discount allowed is for walk in customers (no account holders)
What is the difference between cash discount and trade discount?
Difference between trade discount and cash discount are as follow:1)on the basis of objective:td: this discount is allowed to increase sales.Cd: this discount is allowed to motivate the customer to pay early.2)basis:td: it is allowed on the list price of the goods.Cd: it is allowed on the amount to be paid.3)entry in the books:td:it may be stated as information,but it is not recorded in the books of account.Cd: it is recorded in the books of accounts.4)entry in invoice:td: it is stated in the invoice.Cd: it is not shown in the invoice.5)receiver:td: it is allowed to all customer, wethers cash or credit.Cd: it is not allowed to all customer.6) rate:td: rae of trade discount is generally higher than the cash discount.Cd: rate of cash discount is generally lower.
What is difference between bankers discount and true discount?
The Banker's Gain (BG) is the difference between a banker's discount and a true discount. It is a deduction with simple interest.
If Lindsey paid 39.00 for the purse and the original price is 60.00 how much of a discount did she receive?
The discount is the difference (subtraction) between the original price, and the price she actually paid.
Any premium or discount on a long-term debt investment is amortized?
Yes, at the end of the year you take the difference between the interest revenue gained and what would have been gained if the investment had the present value interest. For a discount, the difference will be credited against the discount received.
What is the main difference between trade discount and cash discount?
The main difference between, cash discount is shows in account book but tradediscount does not show in account book.
What is the difference between a single trade discount and trade discount series?
What is the difference between a single trade discount and trade discount series? In: http://wiki.answers.com/Q/FAQ/2547-72 [Edit categories]
What is the difference between discount and loss?
hi I'm Nivedita.the difference between discount and loss is discount is the reduced price whereas loss means the amount of money lost from the c.p.
What is the Different between a single trade discount versus a discount series?
Describe the difference between a single trade discount versus and discount series and give an example
