Is discount an income or expense?
Is discount an income or expense?
Discounts allowed represent a debit or expense, while discount received are registered as a credit or income. Both discounts allowed and discounts received can be further divided into trade and cash discounts. The latter require double-entry bookkeeping.
What is net sale price?
The net sale price is the gross sale price minus amounts to be credited or paid to the buyer as reflected in the initial sales contract.
What is net and gross price?
It also means that it is the price before any deductions are made, such as CIS, for example. In your invoice template, using the net price means that the price listed will have the VAT and any deductions applied after the subtotal.
Why is net price important?
Net price helps a family to understand the total college costs after all the free money is applied. Net price is not derived by just tuition but instead the school defined COA of college costs, which is defined as tuition, required fees, room and board, books and supplies, travel and personal expenses.
What is the rate of 1 unit of electricity?
3.60 per unit to Rs. 3.85 per unit and for consumption between 31 to 100 units, the tariff is increased from Rs. 4.90 per unit to Rs. 5.15 per unit.
What is the cost of 1 Unit electricity in India?
2.40 per unit up to 30 units, Rs. 3.40 per unit between 31 and 100 units, Rs. 4.55 per unit between 101 and 200 units and Rs. 5.35 per unit for consumption beyond 200 units per month.
Which state has most expensive electricity in India?
Maharashtra
How do you calculate bill amount?
Once you have your data, calculate the cost of use with this formula:
- Multiply the device’s wattage by the number of hours the appliance is used per day.
- Divide by 1000.
- Multiply by your kWh rate.
How electricity bill is calculated in UP?
Let we calculate the electricity bill for 627 units as per UPPCL tariff rates. Solution: Here for the first 150 units you shall pay ₹ 825/-(150 x 5.5), for next 150 units you shall pay ₹ 900/- (150 x 6), for next 200 unit you shall pay ₹ 1300/- (200 x 6.5) and remaining 27 units you shall pay ₹ 889/- (127 x 7).
How do you calculate meter reading?
Choose clean energy and savings, now.
- Current meter reading – Meter reading reported from last month’s bill = Total kWh used since last reading.
- Total kWh used since last reading x Charge per kWh = Total energy charge.
- Total energy charge + Fixed monthly fees = Final bill.
How do I calculate kWh from my meter reading?
Take a meter reading. Subtract the new meter reading from the previous reading to work out the volume of gas used. Convert from cubic meters to kilowatt hours (multiply by 11.1868).
What is the unit of meter reading?
The most common unit of measurement on the electricity meter is the kilowatt hour [kWh], which is equal to the amount of energy used by a load of one kilowatt over a period of one hour, or 3,600,000 joules.