Restaurant
Happy Hour Price Reduction
Recording discounted beverage sales during the daily happy hour promotion.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Hand | Asset (+) | 46.40 | - |
| Sales Discounts (Promotions) | Contra-Revenue (+) | 11.60 | - |
| Beverage Sales Revenue | Revenue (+) | - | 50.00 |
| Sales Tax Payable (VAT) | Liability (+) | - | 8.00 |
💡 Accountant's Note
Recording the full price and a discount separately allows management to track the true cost of running the promotion versus the gross revenue potential.
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