To Know the Difference Between Trade Discount and Cash Discount we have to know the meaning of the both with an example: Click on the topic name to Jump directly to Topic you want to Read: Trade Discount. Cash Discount. Read More …
Before passing Journal Entry for Discount Allowed, we have to know about the meaning of discount and its type. Meaning: The discount Allowed means the reduction in the selling price of the product.So, it is the loss of the seller Read More …
If you are starting the study of Financial Accounting then firstly you have to know about important/Basic Financial Accounting Terminology. Because these terminologies are basic of accounting language like Alphabets for the English Language. These are as the following: – Click on Read More …