Accountancy, asked by kuldipdudhatra1, 21 days ago

stat wheter discount recieved in income or expense

Answers

Answered by gursharanjali

Answer:

Discounts allowed represent a debit or expense, while discount received are registered as a credit or income. Both discounts allowed and discounts received can be further divided into trade and cash discounts.

Answered by kanishqjais19407

Answer: Discounts allowed represent a debit or expense, while discount received are registered as a credit or income. Both discounts allowed and discounts received can be further divided into trade and cash discounts

Previous Question

Next Question

Similar questions

English, 10 days ago

smile on marather the data and find out a is personification , imagene, metaphor The clam lake was a mirror...

Computer Science, 10 days ago

Write a program to create a dictionary write a python program where emp id is key and name is value and keep on taking input infinetly till the user enter -999 for emp id once dictionary is created ask user emp id and print name of emp. Do not use if else statement use exceptuon handling...

Math, 10 days ago

type full answer . ● don't spam ● give helpful answer...

Chemistry, 21 days ago

7.6) (ii) You have a cylinder of argon gas at 19.8 atm pressure at 19°C. The volume of argon in the cylinder is 50.0 L. What would be the volume of this gas if you allowed it to expand to the pressure of the surrounding air (0.974 atm)? Assume the temperature remains constant.

Physics, 21 days ago