What is the meaning of cost?
It is the amount incurred on or attributable to a specified
item or activity in the business.
In exchange of buying anything.
In exchange of making anything.
In exchange of getting anything.
Cost is the amount incurred.
I bought this writing pad.
All that I bought is my cost.
I bought this mouse.
All that I bought is my cost.
I did whitewash here.
All that I did is my cost.
I gave money to the cleaning staff.
All that I did is my cost.
I got the Wi-Fi internet recharged.
All that I did is my cost.
It is the amount incurred or attributable to a specified
item or activity in the business.
Whatever is the expense in the business.
To get something.
That expense is your cost.
We will call it cost price.
It is very simple.
I bought machinery.
For 10 lakh rupees.
It is the cost of the machinery.
Vouchers.
A voucher is a written document in support of a particular
transaction.
It includes cash members given by the seller for cash
purchase.
Invoice given for credit purchase.
And received for making cash payment.
I will explain the meaning of voucher.
Do not get into too much trouble.
Voucher means.
Proof of any incident.
Proof of any transaction.
What was the meaning of transaction?
It means any activity that has a positive or negative
impact on the financial position of the business.
And what was the fifth condition?
It has a monetary value.
That becomes a transaction.
And the transaction has happened.
Its written proof is called a voucher.
For example, buying goods.
Is this a transaction?
Yes.
It will have a positive or negative effect on the financial
position of the business.
And it has a monetary value.
For example, we bought goods worth 15,000.
So this became a transaction.
Proof of any transaction is called a voucher.
For example, if I have made a sale.
So the bill for the sale will be called a voucher.
I will give one copy to the seller.
I bought machinery.
The bill for the machinery will be called a voucher.
I deposited money in the bank.
Have you ever gone to the bank to deposit cash?
You have to fill a slip.
There are two parts.
One small and one big.
You fill the same detail.
And then you go and hold both the slip and the cashier.
Cashier stamps on both the slips.
He keeps the big one with him.
He tears the small one and gives it to you.
The proof that you have deposited money in the bank.
The receipt of cash deposit that you have received from the
bank.
That is also a voucher for you.
If you have made a payment through the bank.
If you have made a payment from the cheque.
That is also a voucher for you.
Proof of any transaction is called a voucher.
Discount It is the amount of reduction in the price of
goods and nor services,
It is the amount of reduction in the price of goods and nor
services, and a reduction in the total amount payable for
such goods and services.
Such a discount is further classified as trade discount.
Let us go to the mall.
Let's go to the mall.
We went to the mall to buy jeans and we liked a pair of
jeans
But we saw the price tag and it was Rs.
And being a student life, how can you buy jeans worth Rs.
We were a little disappointed
It was a pair of jeans worth Rs.
The shopkeeper read our disappointment and said, don't
worry, it's a Rs.
3000 tag price
We are also giving a discount, it's only 20% off, deduct Rs.
Rs. 20% for Rs.
3000, Rs.
And give it in Rs.
So friends, this discount is being given by the shopkeeper
to the customer
This is called a trade discount
Trade means to increase your business, to promote yourself,
to make you happy
You go to the shopkeeper's shop again, so to make a
connection with you
The money that the shopkeeper is giving you is a trade
discount
Although he would have added Rs.
600 in the first Rs.
3000 and asked you to show it
But still, what do you know about his policy
Right, you can't say this to him, you have already added it
If this is a different thing, then it will be a discussion,
we have to buy things from there
But you are so fast that you say, yes, you have given a
discount on your side, we will also do some bargaining
Now you know that yes, he is trying to sell us, we will
also do bargaining
You are telling him, listen brother, we are giving you with
Rs.
If we go to the shop equally, he knows us, he is ready to
give us a loan
But we are giving you cash money
So in return, we need a little more discount
You bargain and say, brother, take this money, you give Rs.
Take another Rs.
100, Rs.
200, he also catches it, he also sees it
Aha, the notes are coming, take it, there is no problem
He also knows that the customer will bargain a little
So when a discount is taken at the time of payment, that
cash discount is called by the customer to the shopkeeper
That is called a cash discount
Okay sir, okay
So the discount given by the shopkeeper is a trade discount
The discount taken by the customer is a cash discount at
the time of payment
Okay sir, so this was cost, vouchers and discount coming
Thank you