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Discount allowed is a kind of deduction from

A. Account Payable

B. Account Receivable

C. Cash account

D. Discount account

Answer: Option B

Solution(By Examveda Team)

Discount allowed is a kind of deduction from Account Receivable.

This Question Belongs to Commerce >> Accounting

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Comments ( 1 )

  1. Ghulam Nabi
    Ghulam Nabi :
    4 months ago

    Discount allowed is expenses of business

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