Home » Accounts (Principles of Accounts) » Discount received is shown in theDiscount received is shown in the Discount received is shown in the A. credit side of sales ledger balances B. debit side f bought ledger balances C. credit side of bought ledger balances D. debit side of sales ledger balances E. sales ledger balances as contra entry Correct Answer: Option B Explanation Related Posts If a bad debt previously written off is subsequently repaid, the amount collected is recorded… For an incomplete record to provide necessary information, it must be converted to? The Petroleum Technology Development Fund is under the When the sum of money appears on the credit side of the cash book, but… Calls in advance are treated in the balance sheet as? (begin{array}{c|c} & N\ hline text{Land and building} & 20,000\ Stock & 5,000\ text{Cash in hand}…
