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Types of Discount in Tally by pradhansandeep971 is a document available to read on EtoBox.
The document outlines three types of discounts in Tally: Item-Level Discount, which is applied to specific items; Bill/Invoice-Level Discount, which applies to the total invoice; and the distinction between Discount Allowed and Discount Received, affecting profit differently. Item-Level Discounts can be percentage-based or fixed amounts, while Bill/Invoice-Level Discounts require a discount ledger. The accounting effects categorize Discount Allowed as an indirect expense reducing profit and Discount Receive
- Author
- pradhansandeep971
- Language
- EN