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

    Dec 21, 2010, 09:12 AM
    Provision for discount
    Provision for discount allowed and discount received when discount allowed and received have already been given in the trial balance
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #2

    Dec 21, 2010, 06:15 PM

    That's nice. So what is your question?

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!

Discount allowed / Discount received [ 12 Answers ]

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...

Provision for Contingencies [ 1 Answers ]

Need some pointers for the following question. Please help! The following selected transactions relate to provisions or contingencies of Classical Tool Makers, Inc. which began operations in July 2009. Classical's fiscal year ends on December 31. Financial statements are published in April...


View more questions Search