Question

Is discount received is a liability?

Answer 1

HERE'S the answer

When a seller allows a discount this is recorded as a reduction of revenues and typically debit to a Contra revenue account aap buyer receives the discount this is recorded as a reduction in the expanse associated with the purchase ..

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Answer 2

Answer:

when a seller allows a discount this is recorded as a reduction of revenues and typically debit to a contra revenue account app buyer receives the discount this is recorded as a reduction in the expanse associated with the purchase

here is your answer mate hope it helps you thank you