If in a trial balance question , only DISCOUNT is written , then will it be debited or credited?
If "discount allowed"is written , then it will be debited and If "discount received"is written , then it will be credited. But what about when only DISCOUNT is written?

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Solution

Dear Student

If only Discount is written then assume it as discount allowed and post it in debit side of the trial balance.
Also give the note about the same.

Regards

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If in a trial balance question , only DISCOUNT is written , then will it be debited or credited? If "discount allowed"is written , then it will be debited and If "discount received"is written , then it will be credited. But what about when only DISCOUNT is written?

Dear Student If only Discount is written then assume it as discount allowed and post it in debit side of the trial balance. Also give the note about the same. Regards

If in a trial balance question , only DISCOUNT is written , then will it be debited or credited?
If "discount allowed"is written , then it will be debited and If "discount received"is written , then it will be credited. But what about when only DISCOUNT is written?

Dear Student

If only Discount is written then assume it as discount allowed and post it in debit side of the trial balance.
Also give the note about the same.

Regards