Some Special entries | Introduction | Class 11 Accounts | (session 2025-26) | Dr. Lalit Joshi🎯 |

Описание: Some Special entries | Introduction | Class 11 Accounts | (session 2025-26) | Dr. Lalit Joshi🎯 |

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Your Queries
What is the fundamental difference in the nature and purpose of trade discount versus cash discount?
When exactly are trade discount and cash discount offered? Is trade discount given at the time of sale or at the time of payment?
Is the trade discount recorded in the books of accounts (like the Journal or Ledger), and how is the cash discount recorded?
Is the cash discount calculated on the Gross (List) Price or the Net Price (after deducting Trade Discount)?
What specific motivation does each discount offer? (i.e., Trade discount for bulk, Cash discount for prompt payment).
Does the rate of trade discount vary based on the quantity purchased, and does the rate of cash discount vary based on the time taken for payment?
How does the Trade Discount appear on the invoice or bill, and how is the Cash Discount mentioned?
How do we record different types of Discounts?
What are the Journal Entries for GST (Goods and Services Tax)?
How are Bad Debts and Provisions treated?
How do we pass the Opening Entry?
What are the Journal Entries for special adjustments related to Goods?
When should we use a Compound Journal Entry?
What are the entries for Adjusting Items (Outstanding/Prepaid)?
What is journal entry
what are the golden rules of accounting
what is real account
what is nominal account
what is personal account
how to make journal entry
class 11 journal entry

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