A

Admin • 802.91K Points
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Q. Discount allowed is treated as:

  • (A) Income
  • (B) Expense
  • (C) Liability
  • (D) Asset
  • Correct Answer - Option(B)
  • Views: 1
  • Filed under category Accounting
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Explanation by: Admin
Discount allowed is an expense incurred to promote prompt payment.

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