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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 / sunder singh
IN CASE OF VENDOR:
VENDOR A/C DR.
TO DISCOUNT A/C
IN CASE OF CUSTOMER : IF IT IS ALSO RELATED TO SALES
SALES REVENUE A/C DR.
TO CUSTOMER A/C
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