Journal Entry

Journal entry of cash Discount received and Cash Discount allowed

Journal entry of Discount received and Discount allowed in Accounting

[metaslider id=”8889″] What is a discount Received in accounting? When cash or cheque is paid to supplier discount is received from him. Discount received is profit for the business. The discount during the time of payment to the party. The only that is shown in the books of accounts are Cash discounts whereas Trade discounts …

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