journal entry allowed him discount 5
Answers
Answered by
4
Answer:
While posting a journal entry for discount allowed “Discount Allowed Account” is debited. Discount allowed acts as an additional expense for the business and it is shown on the debit side of a profit and loss account.
Answered by
1
Answer:
While posting a journal entry for discount allowed “Discount Allowed Account” is debited. Discount allowed acts as an additional expense for the business and it is shown on the debit side of a profit and loss account.
Similar questions