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Basic principles of accounting

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(Querist)
02 April 2018 As per rule.Which account of,Discount Allowed
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
03 April 2018 for basic accounting principles, please refer class XI accounting text books
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CA SAYANTAN BASU

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CA SAYANTAN BASU (Expert)
03 April 2018 Discount allowed is loss a/c . When we give the discount then we are loe some money . So all loss a/cs are nominal a/cs ....




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