Action Accounting

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The Pineapple Pub

Double Entry: Transaction 12 / of 16

Scene 47 / of 100

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Discount allowed of €200 to Hampstead Heath Party-Hire on 21st December.

Which account should be debited?

Debtor - Hampstead Heath Party Hire Account
Discount Allowed Account

close Discount allowed (an expense account) is debited as an expense (allowing discount) is incurred.

close Are you sure? Try again.

close Discount allowed is an expense. Expenses are usually debited.

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