discount allowed column appears in side of the cash book
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Explanation:
The discount allowed column is placed at the debit side of the cash book. The discount received column is placed at the credit side of the cash book. The 'discount' columns in the cash book are not part of the double entry system, they are merely lists of discounts, where a note is made of the discount as it occurs.
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Answer:
The discount allowed column is placed at the debit side of the cash book. Thediscount received column is placed at the credit side of the cash book. The 'discount' columns in the cash book are not part of the double entry system, they are merely lists of discounts, where a note is made of the discount as itoccurs.
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