Question No. 38
Given journal entry for Discount
allow to Debtors
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Normal distribution, also known as the Gaussian distribution, is a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean. In graph form, normal distribution will appear as a bell curve.
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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.
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