Explain how to treat the total of
(a) Discount allowed
(b) Discount received in a three column cash book
Answers
Answered by
5
Discount allowed column is provided on debit side and discount received column is drawn on credit side.
(Discount Allowed and Discount received columns represent two different accounts. They have no relationship with each other.)
Answered by
1
Similar questions
Science,
4 months ago
History,
4 months ago
Math,
4 months ago
Computer Science,
1 year ago
Computer Science,
1 year ago