Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

Is Cash Discount effect any financial statements ?

Dear All,

Good Day!

 

I really need your valuable feedback on this question

user-image
Question ajoutée par Fahid Malik , Accountant , Sialkot Dry Port Trust
Date de publication: 2017/03/09
John Shannel Julian
par John Shannel Julian , Business Controller , Philips Lighting India Ltd

It depends upon what is the accounting method you follow. If gross method is followed then it affects your statement of income and financial position. In case of net method there is no effect if our assumption is correct else (if the discount is not taken by your customer) then it affects.