32. Which of the following journal entry will be passed by a seller for allowing rebate on goods sold?
(a) Rebate Allowed A/c Dr To Purchaser A/C
(b) Purchaser A/c Dr To Rebate Allowed A/C (c) Seller A/c Dr To Rebate Received A/c
(d) Seller A/c Dr TO Rebate Received A/@
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Answer:
a rebate allowed A/c dr to purchaser
Explanation:
nothing
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