Question

Sales discount journal entry

Answer 1

Answer:

Debtors a/c -Dr

Discount allowed a/c - Dr

To sales a/c

Answer 2

Sales discount

Explanation:

                              Books of (--limited)

                                  Journal entry

Date     Account Title and Explanation      Debit     Credit

             Debtor                      A/c Dr.               xxx

             Discount on sale      A/c Dr.               xxx

                  To Sales              A/c                                     xxx

       ( Being goods sale on discount )

Note: Discount allowed  is a type of expenditure , So it is debited.

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