EJEMPLOS CONTABILIDAD DESCUENTO DE EFECTOS Y GESTIÓN DE COBRO

Complete example of how to account for discounting bills of exchange and collection management. Our company sells goods worth €80,000 + 10% VAT, agreeing to different payment methods: cash, check, and 6 bills of exchange with different due dates. We keep the first two in our portfolio, discount the next two, and send the last two to collection management. In this case, we have created a single video with a complete exercise instead of several videos in order to provide a comprehensive overview. CORRECTION****** The collection management fee includes VAT whether the bill is ultimately paid or not. Journal entry 9 would be: Debit (626) €50.00 Debit (472) €10.50 Credit (572) €60.50