What is the nature of discount allowed by the firm
Answers
Answered by
2
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.
Explanation:
mark me as brilliant
Answered by
1
Answer:
Discounts allowed represent a debit or expense , while discount received are registered as a credit or income
Similar questions