When a retailer receives vendor allowance

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Reference no: EM131219501

When a retailer receives a vendor allowance ( incentive payment) from a vendor they have an agreement with, how does GAAP require you to do the accounting and when do you recognize the allowance? Also what would a journal entry look like for this?

Reference no: EM131219501

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When a retailer receives vendor allowance : When a retailer receives a vendor allowance ( incentive payment) from a vendor they have an agreement with, how does GAAP require you to do the accounting and when do you recognize the allowance? Also what would a journal entry look like for this?

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