Accountancy, asked by abhishekyadav185, 1 year ago

is discount ac. debit or credit when discount is given to a purchaser

Answers

Answered by Manikataria
0
discount received will be credited.
Answered by Anonymous
0

When discount is allowed to purchaser, it is a loss for the business.


According to the principle of Nominal Account,


Debit all expenses and losses


Credit all incomes and gains.


So, debit discount allowed to the purchaser.

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