Which of the following item will be shown on debit side of debtors account ........

Accountancy (Phase -I & II) Company Final Accounts

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Which of the following item will be shown on debit side of debtors account?

Discount received

Return inwards

Discount allowed

Credit sales

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Explanation:

Credit sales will be shown on debit side of debtors account. Credit sales means allowances of goods to customers in order to pay in advance. Credit sales are purchases made by customers for which payment is delayed. Delayed payments allow customers to generate cash with the purchased goods, which is then used to pay back the seller.