Accountancy, asked by bhattbabita733, 6 hours ago

received from krishna 12500
allowed discount. 500

Answers

Answered by enochephraim2020

Explanation:

Discount allowed is the expense of the seller while the other is an income of the buyer. Discount allowed is recorded on the debit side in the books of the seller while the other is recorded in the credit side in the buyer's books.

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received from krishna 12500allowed discount. 500​

Answers

received from krishna 12500
allowed discount. 500