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Question
Is the cash discount recorded in the sales book?
Is the cash discount recorded in the sales book?
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Solution
Cash discounts are not recorded in sales or purchase books, they are recorded in the profit and loss account of the company. Only trade discounts are recorded in the necessary sales and purchase books.
Cash discounts are not recorded in sales or purchase books, they are recorded in the profit and loss account of the company. Only trade discounts are recorded in the necessary sales and purchase books.
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