Discount Allowed is divided in
OA) Sales Ratio
OB) Purchase Ratio
c) Equally
D) Time Ratio
Answers
Answered by
0
Sales ratio
Mark me as brainliest
Mark me as brainliest
Answered by
1
Answer:
Discount Allowed is divided in Sales Ratio.
Explanation:
Discount Allowed in accounts is counted as an expense or loss incurred by the seller. Hence, it is mentioned in debit side of the P/L A/C in the books of accounts. It other words, the discount which is allowed by the seller is that sum of money which does not effect the profits of the business. Hence, it is safe to conclude that discount allowed will come under the sales ratio.
Similar questions