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What is the treatment of cash discount and trade discount in cash book?

Money Cash AJAX Discounting Finance
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Question added by Dhwani Jain
Date Posted: 2017/07/13
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Hussain Maqsood
by Hussain Maqsood , Software Engineer (Web Developer) , First Flight Travels & Tourism

Suppose Ram has sold goods to Sham on Credit of Rs. 50000 and it is the term of agreement that if Sham pays within 20 day of this purchase, he can recieve 10% discount. If Sham pays within 20 days then Treat cash discount in day book of both parties.

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