LLC Versus NGO, Similarities and Differences Regarding the Accounting and Tax Treatment Applicable to the Trade and Financial Discounts

Elena Stănciulescu
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Elena Stănciulescu: Bucharest

CECCAR Business Review, 2022, vol. 3, issue 3, 10-16

Abstract: The article hereby presents a delimitation of the granted/received commercial and financial discounts, for their proper fitting in and avoiding the confusions often identified in practice, with negative impact on the result of the year. Likewise, for rendering an accurate image of the financial statements, it is necessary to know the similarities and differences regarding the accounting treatment applicable to NGOs and LLCs, as well as their tax treatment.

Keywords: LLC; NGO; trade discount; financial discount (search for similar items in EconPapers)
JEL-codes: K34 L31 M41 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ahd:journl:v:3:y:2022:i:3:p:10-16

DOI: 10.37945/cbr.2022.03.02

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