Question

Which of the following has a credit balance?
a) Carriage inwards
b) Carriage outwards
c) Discount received
d) Discount allowed​

Answer 1

Answer:

discount received

Explanation:

mark my answer as brainliest

Answer 2

Which of the following has a credit balance?

a) Carriage inwards

b) Carriage outwards

c) Discount received

d) Discount allowed​

The correct answer is :

c) Discount received

Explanation :

Discount received refers to the amount which reflects the shortfall of difference between the goods or service purchased by a buyer and the original cost of the goods or service.

When a buyer wants to buy a product from a seller, the seller allows him to buy a service or goods at a price less than the actual price of the item. The difference between the original price of the article and the purchased price is called discounted price of that article.

Thus, this discount becomes a profit for the buyer, as he has paid less than the value of the goods or services purchased. So it is a type of credit balance.

#SPJ3

——————————————————————————————————————

Know something more :

https://brainly.in/question/38128618

capital account balance is a ____ balance​?

https://brainly.in/question/24584568

When a machinery is purchased for cash, the cash balance is reduced and to that extent, the amount of machinery as an asset is recorded. This is done to follow which of the following accounting principles:

1) Dual Aspect Principle

2) Materiality Principle

3) Timeliness Principle

4) Consistency Principle​