Question

discount received journal entry​

Answer 1

Answer:

Step-by-step explanation:

Answer 2

Discount received

Explanation:

                              Books of (----Limited)

                                   Journal entry

Date        Account Title and Explanation     Debit   Credit

                 Cash/Bank    A\c Dr.                       xxx

                  To Discount received    A\c                        xxx

             (Being furniture purchase from cash or bank)

Note: Discount received is revenue and all revenue will be credit and cash come to business so cash account will be debit

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