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Ledger — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyLedger2 Marks
Question
The discount allowed is a real account.
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Answer

This statement is False.
Discount allowed is an expense for the business. All expenses come under the Nominal account. So the discount allowed is a Nominal account.

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