As traffic to your website surges, the resources supporting the site scale to accommodate the surge automatically. This lets you meet your demand without spending a great deal of money on your own server hardware and everything that entails. The cloud can help your business save money, become more agile, and operate more efficiently. Businesses […]
Month: October 2021
What is the Journal Entry for Discount Allowed?
Here liabilities decrease in the form of creditors, so according to the rules (decreases in liabilities are debits), Vijay’s account will be debited ₹1,00,000 while passing the journal entry. An aspect that needs to be noted here is that only cash purchase discounts are included as subtractions from gross purchases. As there are different types […]