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A2 Level 2 Exams

  • Student
  • 2 posts
  • # 118339

Hey,

With reference to Assignment 8

I was just wondering if someone could help me with a quick question,

I am just learning the process of day books and then transferring acorss the balance to the nominal ledger at month end,

If you have an invoice and it has discount applied to the invoice, would you process the amount before discount in the sales ledger day book and then apply the discount in the nominal ledger?

This is a credit transaction, so not paid upfront.

Thanks 



Edited at 25 Jan 2020 08:59 PM GMT

  • Student
  • 2 posts
  • # 118340

Emmtommins87 said:

Hey,

With reference to Assignment 8

I was just wondering if someone could help me with a quick question,

I am just learning the process of day books and then transferring acorss the balance to the nominal ledger at month end,

If you have an invoice and it has discount applied to the invoice, would you process the amount before discount in the sales ledger day book and then apply the discount in the nominal ledger?

This is a credit transaction, so not paid upfront.

Thanks 



Edited at 25 Jan 2020 08:59 PM GMT

 

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