Q: I have no column in my cash book (receipts) for discount received, yet there is a subsidiary ledger for it…_2

…If I do not take off the discount in the cash book, how do I fit this into the ledgers?

…If I do not take off the discount in the cash book, how do I fit this into the ledgers?

The position here is that the discount received appears on the payments side of the cash book almost in the nature of a memorandum account and is located next to the purchase ledger column. When posting from the cash book, the Purchase Ledger Accounts are debited with...

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