A

Admin • 802.91K Points
Coach

Q. Discount received is shown in:

  • (A) Debit side of Trading A/c
  • (B) Credit side of Trading A/c
  • (C) Credit side of Profit & Loss A/c
  • (D) Debit side of Profit & Loss A/c
  • Correct Answer - Option(C)
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  • Filed under category Accounting
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Explanation by: Admin
Discount received is a gain and is shown on the credit side of the P&L A/c.

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