Accountancy, asked by durgameenakshi2037, 5 months ago

journal entry for discount allowed was undercasted​

Answers

Answered by bhumiraj1234
2

Explanation:

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.

HOPE MY ANSWER HELPED YOU!

Previous Question
Next Question
Similar questions
History, 2 months ago
mention the india state where standard meridian passes​...
Biology, 2 months ago
5 Rat scientific Name :- Rattus Prokaryotic/Eukaryotic- unicellularl/Multi cellular:​...
Physics, 2 months ago
"Coapulation is important for population " . Justify . correct answer would be surely marked as brainliest .​
Hindi, 5 months ago
in sahitya sagar ch-2 bhola ne shyamu kya madad ki question​...
English, 5 months ago
. Where did Margie write her homework? In The Notebook On the screen In the slot provided ​...
English, 9 months ago
Speech writing on if animals could speak what they would say...
English, 9 months ago
You met a foreigner in a tourist destination. You want to know more about the foreign countries and tourist destinations in foreign. Prepare a likely conversation between you and the foreigner.
Physics, 9 months ago
2 alpha particles moving along the parallel lines with different velocities, will(neglect electrostatic repulsion) 1.attract each other 2.repel each other 3.neither attract nor repel 4.move towards left...