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Q: How discount received occurs?
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Related questions

Provision for discount allowed and discount received?

provision for discount received


What is the difference between discount allowed and discount received?

discount allowed means the discount which is given by a seller to the buyer. and discount received means the discount received by the seller for purchases made


What is the difference between discount allowed and discount received and their accounting treatment?

Discount allowed is that amount which is given by our company to others while discount received is that amount which is received by our company from others.while discount allowedDebit discount allowedCredit cashwhile discount receivedDebit cashCredit discount received


What is the journal entry of discount received?

Dr cash/bank Cr discount received


Is discount allowed and discount received are same as credit note issued and credit not received?

no because the discount allowed and discount received are totally diffrent and has no link with each other where as if credit note is not issued than it cant received even


Is Cash Discount received on cash sales?

Cash discounts are received on cash sales. The seller or provider often refers to the cash discount as a sales discount.


What is the difference between discount given and discount received?

nothing there the something ...


Where does sales discount go on an income statement?

does discount allowed and discount received go into the income statement or balance sheet?


Difference between trade discount and cash discount?

A trade discount occurs when an item is offered along with another item that is paid for. A cash discount is a reduction in the price of an item.


What are the direct incomes?

Rent Received Commission Received Scrap Sales Discount on Purchase Interest Received


Where is discount received posted in the trial balance?

credit


Discount received from the supplier or allowed to customer for making the early payment of due is termed as..?

Trade Discount