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

Answer Posted / kavita sharma

1) If we do entry for discount received
Then,
Creditors A/c Dr
To Discount Received A/C


2) If we do entry for Discount Allowed
Then,
Discount Allowed A/c Dr.
Party A/c Cr.

Is This Answer Correct ?    2 Yes 0 No



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