Accountancy, asked by impracticallloe, 10 months ago

Where is Discount on purchases credited ??

Answers

Answered by piyushsoni143
0

Answer:

market is only place for it

Answered by abhijitgupta2
3

Explanation:

Discount received acts as a gain for the business and is shown on the credit side of a profit and loss account. Trade discount is not shown in the main financial statements, however cash discount and other types of discounts are shown in books of accounts.

hope it help you

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