Question: What is the correct double entry for discounts allowed? Debit discounts allowed, Credit receivables Debit Payables, Credit discounts allowed Debit discounts allowed, Credit payables Debit

What is the correct double entry for discounts allowed? Debit discounts

What is the correct double entry for discounts allowed? Debit discounts allowed, Credit receivables Debit Payables, Credit discounts allowed Debit discounts allowed, Credit payables Debit receivables, Credit discounts allowed

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