Accountancy, asked by ss4830313, 1 year ago

Journal entries of discount

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Answered by shanaya123455
0

Answer:

hlw buddy discount Dena hai ya Lena hai

Answered by hardik3171
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Answer:

Journal Entry for Discount Allowed. It is journalized and the balances are pushed to their respective ledger accounts. Discount allowed ↑ increases the expense for a seller, on the other hand, it ↓ reduces the actual amount to be received from sales. Discount allowed by a seller is discount received for the buyer.

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