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