Accountancy, asked by matlaniurvashi, 5 months ago

Do we show cash discount in cash book?

Answers

Answered by roy067957

0

Explanation:

Cash discounts accompany cash receipts from debtors and payment to creditors. Therefore, it is convenient to record discount allowed or discount received along with cash receipt or cash payment. ... The discount column in the cash book is only a memorandum column and does not stand for Discount Account.

Answered by piyushsharma82paxg79

3

Answer:

Cash discount is shown separately in the books It is shown as an expense in the Profit and Loss A/C

Explanation:

Hope this help you

Previous Question

Next Question

Similar questions

Accountancy, 2 months ago

M Ltd. issued 10,000, 8% debentures of Rs 100 each at a premium of 10% and redeemable at a discount of 5% on 1.4.2019. It purchased sundry assets of the value of Rs 2,50,000 and took over the liabilities of Rs 60,000 and issued 8% debentures at a discount of 5% to the vendor. On the same date, it took loan from the bank for Rs 10,00,000 and issued 12,000 8% debentures as collateral security.

Math, 2 months ago

what is the angle of 10 degree...

Art, 2 months ago

You are Anshu/Anita. You have secured 95 per cent marks in English. Your English teacher has persuaded you to share the secret of your success with your schoolmates. You decide to deliver a speech English is an extremely scoring subject‘ in the morning assembly. Write the speech in about 150-200 words.

Math, 5 months ago

evaluate the fillowing 1/5 of 75...

Computer Science, 5 months ago

what process would loops include...

Science, 9 months ago

what are the different types of silk moth...

Math, 9 months ago

write the prime factors of each number and find the LCM of 20 50 60 and 100...

Math, 9 months ago

if a+b=12, ab=4, find a-b...