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What is the entry for Discount Received? & What is the
entry for discount paid?

Answer Posted / pradeep kumar

WHEN DISCOUNT RECIEVED
BANK/CASH A/C DR.
DISCOUNT A/C DR.
TO PARTY A/C


DISCOUNT PAID

PARTY A/C DR.
TO CASH/BANK
TO DISCOUNT A/C

Is This Answer Correct ?    42 Yes 103 No



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