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when discount's balance is given in credit side of trail balance it is? discount allowed or discount recived?​

Answer»

I HOPE it will help youExplanation:They are therefore an expense of the business so would go on the DEBIT side of the TRIAL balance. 'Discounts RECEIVED' from suppliers will reduce the expense suffered for purchases and will increase the profit of the business. This REDUCTION to an expense would therefore go on the credit side of the trial balance



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