Ask Experts Questions for FREE Help !
Ask
    Meghni's Avatar
    Meghni Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 26, 2006, 04:59 AM
    About profit and loss account
    I would like to ask do we need to record discount allowed and discounts received in the profit and loss account .
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
     
    #2

    Nov 26, 2006, 02:46 PM
    Yes

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Profit and Loss Account [ 2 Answers ]

Please provide me with relevant websites where I can boarden my knowledge about costing.

Non-profit [ 3 Answers ]

Can a non-profit make a profit. I guess my question is when starting a non profit how can you as the founder make money for yourself. What are the benefits and drawbacks.

Profit & loss acc and Balance sheet, help ! [ 0 Answers ]

In my trial balance: General reserve : 32960 (CR) a)where is it in the P&L acc and BS? b) discuss the accounting concepts that govern the preparation of financial statements. Anybody know about this one, please help me. Thank alots Please answer as soon as possible.

Non-profit [ 2 Answers ]

I am very interested in starting a non profit organization, I know what I want it to be about but I don't know how to start it please help.


View more questions Search