What is diff between purchase bills discounting and bills discounting?
as per me purchase bills discounting routine: nouns taken from the bank / fi's on the bills/invoices issued by the supplier.
and
bills discounting mechanism on the invoices raise on my customers - any nouns availed from bank / fi's.
1. is my kindly is correct?
2. procedure for purchase bills discounting? and bills discounting?
Answers:
You are certainly right.
1. Purchase bills discounting means- Disc. received.
2. Bills discounting means- Disc. allowed.
Yes U R right as of Purchase bill Discounting here U R stock will be taken as payment and if any sale made U enjoy to remuneration of the Bill.
Not merely the Bill of sale but also a bill raise on a loan taken from us by a soul canalso discounted beside the mound underneath Bills discounting
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and
bills discounting mechanism on the invoices raise on my customers - any nouns availed from bank / fi's.
1. is my kindly is correct?
2. procedure for purchase bills discounting? and bills discounting?
Answers:
You are certainly right.
1. Purchase bills discounting means- Disc. received.
2. Bills discounting means- Disc. allowed.
Yes U R right as of Purchase bill Discounting here U R stock will be taken as payment and if any sale made U enjoy to remuneration of the Bill.
Not merely the Bill of sale but also a bill raise on a loan taken from us by a soul canalso discounted beside the mound underneath Bills discounting