Ask Question
28 March, 21:21

Purshed discounts based on total purches over a period of time are what discounts

+4
Answers (1)
  1. 28 March, 21:36
    0
    Purchase discounts is a contra revenue account. Revenue accounts carry a natural credit balance; purchase discounts has a debit balance as a contra account. On the income statement, purchase discounts goes just below the sales revenue account.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Purshed discounts based on total purches over a period of time are what discounts ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers