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in which book of prime entry would discount allowed be recorded?
cash received book
cash payments book
sales day book
purchases day bookthe answer have been taken “cash received book”
this is correct?and sales day book?
It is the cash received book.
You know about whether or not a discount is being taken when the payment is received, and so it is in the cash received book that it would be noted.
(It would not be in the sales day book, because when the sale is made you don’t know whether or not they will take the discount)
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