Discount received is charge to
A
current account
B
profit and loss
C
trading account
Dbalance sheet
Answer is B
A discount received is an income to the business. Therefore, it is credited to the profit and loss.
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Discount received is charge to
A
current account
B
profit and loss
C
trading account
Dbalance sheet
Answer is B
A discount received is an income to the business. Therefore, it is credited to the profit and loss.
