A

Admin • 802.91K Points
Coach

Q. Cash discount allowed to customers is:

  • (A) Income
  • (B) Expense
  • (C) Asset
  • (D) Liability
  • Correct Answer - Option(B)
  • Views: 2
  • Filed under category Accounting
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Explanation by: Admin
It is an expense as it reduces the amount receivable from customers.

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