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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
What is the difference between revenues and the expenses needed to operate the business?
profit or loss
Realized gain or loss is measured by the difference between the amount realized from the sale or other disposition of property and the property's adjusted basis at the date of disposition?
Realized gain or loss is measured by the difference between the amount realized from the sale or other disposition of property and the property's adjusted basis at the date of dispositionAnswer: TrueRealized gain or loss is the difference between the amount realized and the property's adjusted basis.
Does discount received have a debit or credit balance in the ledger balance?
discount revived has Cr balance in a profit and loss a/c
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.
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 discount given and discount received?
nothing there the something ...
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 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
What is the difference between a trading discount and a discount allowed?
1 billion equable whats?
What is the difference between a 50 percent discount and a discount of 33.33 percent?
A 50% discount is half off, and a 33.33% discount is one third off.
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
Difference between the original price and the sale price?
Discount
Difference between trade discount and cash account?
51225
What is the difference between the discount rate and the rate of return?
The discount rate is the interest rate used to calculate the present value of future cash flows, while the rate of return is the profit or loss on an investment over a specific period of time.
Why is there a difference between mark up and discount?
The mark-up increases the priceand a discount reduces the price.
