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Former Member
Sep 18, 2008 at 03:19 AM

Cash Discount taken account


How do we make sure that the "cash discount taken account" from vendor, does not show up in financial statement. Because when we create this G/L account as P & L account, all the discounts availed will go to this account. So how do we avoid this account showing up in financila statement because the balance in this account is just for information and is not the actual balance.