concession given for immediate payment answer in one word
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Answer:
cash discount is the right answer
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Cash Discount
Explanation:
Cash Discount is that concession which seller gives to the buyer for early payment . Cash discount reduce the value of credit amount. it is allowed to debtor when he payment done it is expense for us. so it is debited at the time of its allowed and it's closing will be done with the Profit & Loss .
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