11-24-2004, 06:07 AM
Any cash discount received including volume discount has to be disregarded when accounting for cash purchases. All such purchases need to be recorded at net values.
As far as the cashbook is concerned maybe someone can throw light on its format as it's been ages I have had a look at it.
BTW .... its really an odd emphasis -'treble cash book' as part of an MBA course. Maybe some people in jorya bazar still use it. I remember we didn't spend many hours on it during our BAC.
As far as the cashbook is concerned maybe someone can throw light on its format as it's been ages I have had a look at it.
BTW .... its really an odd emphasis -'treble cash book' as part of an MBA course. Maybe some people in jorya bazar still use it. I remember we didn't spend many hours on it during our BAC.
