Is provision for discount on debtors made before making provision for doubtful debts?
No, provision for discount on debtors is made after making provision for doubtful debts from debtors.
By providing for discount on debtors and making provision for doubtful debts, which accounting concept is followed?
Debtors: Rs. 30,000. Bad debts: Rs. 300, provision for bad debt 5% on debtors, discount on debtors 2%. Calculate the correct amount of provision for discount on debtors.