Accountancy, asked by NJaich, 10 months ago

'discount allowed' is debit or credit??...in trial balance​

Answers

Answered by singhkulwinder6746
7

Answer:

'Discounts allowed' to customers reduce the actual income received and will reduce the profit of the business. They are therefore an expense of the business so would go on the debit side of the trial balance

Explanation:

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