A. current account
B. profit and loss
C. trading account
D. balance sheet
Correct Answer: Option B
B. profit and loss
Explanation
Discount received is treated as income to the business hence it is credited to the profit and loss.
A. current account
B. profit and loss
C. trading account
D. balance sheet
Correct Answer: Option B
B. profit and loss
Explanation
Discount received is treated as income to the business hence it is credited to the profit and loss.
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