T.S GREWAL volume 2 - pg.8.59)
Qn.44)the discount payable in total is 10,000.so if it is to be written off in the first year shouldn't 10,000/4 = 2,500 be written off ?why is 10,000 written off?
similar query for qn.45

In the question, it is given that the discount is written off in the first year. So, the full amount is written off in the first year. The same case is in qn.45

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Because in question it is given that company decided to write off total disount from security premium reserve in the 1St year
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