Accountancy, asked by damanamika20, 6 months ago

How is Provision for discount on debtors treated ?

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Answered by harvinder2203
5

☆here \: is \: ur \: answer☆\:

In accounting terms, provision for discount on debtors shows the reserve amount for adjusting loss due to discount allowed to debtors. In order to receive payment faster from their customers, businessman provides a discount to those customers who pay before maturity of the debt.

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