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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 / seema
Jv of getting discount from the vendor
Vendor's A/c Dr
To Discount & Schemes A/c.
JV of discount allowed to the customer
Discount & Schemes A/c Dr.
To Customer A/c.
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