What are benefits of having Cash Discount Expense/Cash Discount Revenue as only one GL account? (both credit and debit knocking off each other and showing only net figure)
What is the standard practice?
Rgds
What are benefits of having Cash Discount Expense/Cash Discount Revenue as only one GL account? (both credit and debit knocking off each other and showing only net figure)
What is the standard practice?
Rgds