Business Studies, asked by akash915519, 1 month ago

What is the nature of discount allowed by the firm​

Answers

Answered by clasher08042008
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:

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Answered by advocatenileshsolank
1

Answer:

Discounts allowed represent a debit or expense , while discount received are registered as a credit or income

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