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how to find provision for discount on debtors when it is in percentage
ReplyDeleteAt first locate the total debtors in balance sheet. Then deduct the provision for doubtful debt from debtors to get the net debtor. After that, apply the mentioned percentage on net debtors to get provision for discount on debtors.
DeleteReserve for discount on creditors is on which side of trial balance
ReplyDeletewhy discount allowed on debit side? journal entry please
ReplyDelete