Cash Discount received is recorded in the books of account as follows: – InterviewSolution

InterviewSolution

1.	Cash Discount received is recorded in the books of account as follows:A. Cash Discount is credited to Discount Received Account.B. Cash Discount is reduced from the Invoice Price.C. None of the above.D. Any of (a) and (b).
Answer» Correct Answer - A Cash Discount is credited to Discount Received Account.

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