Answer to Question #196048 in Accounting for Millicent

Question

Discount allowed to credit customers /debtors are recorded in which journal?

Select one:

a. Sales Journal.

b. Cash payments journal

c. Debtors’ journal.

d. Cash receipts journal

Answer 1

Discount allowed to customer is recorded on debit side in profit and loss account since they are referred to as an expense hence Option c. (Debtors’ journal )is correct.