A. Cash of a business
B. Accounts Receivable
C. Accounts Payable
D. None of these
Brief facts about this MCQs:
The discount allowed to a customer is deducted from the accounts receivables. Moreover, the discount allowed to a customer is the price of goods/services allowed by a seller to a buyer and is an expense for the seller. Moreover, on the other side, discount received is the concession in price received by the buyer of the goods and services from the seller and is an income for the buyer.
Also Read: Internal trade in India