Home » Accounts (Principles of Accounts) » The total of the discount from creditors is transferred toThe total of the discount from creditors is transferred to The total of the discount from creditors is transferred to A. credit side of discounts received account B. debit side of discounts received account C. credit side of discounts allowed account D. debit side of discounts allowed account Correct Answer: Option A Explanation Related Posts The process of cost apportionment is carried out so that What will be the equity of the business? What is the receipts and payment account balance? Which of the following does not appear on the debit side of a company’s profit… The main classes of shares are A business firm incurs labour cost in installing machinery. This should be treated as
