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What will be JV of if gets discount received from my
vendors and as well as I allowed discount to my customer?
What will be the journal entry in these both cases. Pls.
give the answer, it's urgent.
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Answer Posted / sajjad1
Jv in Case diccount Received from Vendor
Vendor A/C Dr
Discount On Purchase Cr
Jv in Case Dicount to Customer
Dicount Allowed Dr
Customer A/c Cr
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