Cash discount entry for purchasing fixed assets - Loan Platform Complete Network

Cash discount entry for purchasing fixed assets

1, yes, it should be recorded in the financial expenses-cash discount.

Borrow: Commodity Purchase 1000

Loan: Bank deposit 980

Loans; Finance Expense-Cash Discount 20

2. Yes, equipment with low value and high correlation can be "bundled" as fixed assets management or dismantled as low-value consumables.

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