C
Cally
I'm doing the accounts for our own small business (Limited Company), we have
recently started selling products as well as services. Trouble is, we like
the stock so much we keep taking it! I think I could put it through as
'drawings', but I wanted to make a small profit on it, so I thought I'd use
a 25% Staff discount instead. Is this handled in the same way as 'cash
discounts' i.e. as an expense account the same as 'discounts allowed'?
If anyone can help I'd be very grateful...
cally
recently started selling products as well as services. Trouble is, we like
the stock so much we keep taking it! I think I could put it through as
'drawings', but I wanted to make a small profit on it, so I thought I'd use
a 25% Staff discount instead. Is this handled in the same way as 'cash
discounts' i.e. as an expense account the same as 'discounts allowed'?
If anyone can help I'd be very grateful...
cally