Question

discount is credit or debit in trial balance​

Answer 1

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.

Answer 2

Answer:

Category Debit Credit

Income Purchase Returns

Liability Purchase Ledger Control

Income Discounts Received

Expense Discounts Allowed