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Discount allowed / Discount received
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My understanding of these two accounts are: Discount allowed is affected when the company offers a discount to a customer and it is netted against sales... thus listed in the chart of accounts as an income account. Discount received is affected when a vendor offers a discount on purchases and...
I received 1099-Misc stating I have received payment of $2,000 in 2010.
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I received form 1099-Misc stating that I have received $2,000 in wages or compensation in 2010. I am not self-employed; have not provided wages individually and am confused about the receipt of this form. How do I find out who reported that they paid me $2,000 for services and how do I correct... View more questions Search
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