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Discount allowed is

This question belongs to Commerce Accounting
Accounting
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Discount allowed is

Answer & Solution
Correct Answer: Option A
Discount allowed is Expense of business. When the buyer receives a discount, this is recorded as a reduction in the expense (or asset) associated with the purchase, or in a separate account that tracks discounts.
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Satyabrata Acharya
Satyabrata Acharya 3 years ago
This is a loss
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