✔ 最佳答案
Discounts allowed and discounts received are both Profit and Loss items. So they will be shown on the face of the profit and loss account. For discounts received, it is shown under Gross profit as other revenue. For discounts allowed, it would be shown with other operating expense, for example, telephone bill~
There would be NO prepaid/accured discounts allowed nor discount received!!! (i.e. They will not be shown in the balance sheet!) It is becoz such revenue/expense will be recognized when the u give money to creditors or yr debtors give u money~ So it is not make sense to have any prepaid/accured discounts allowed nor discount received~
by the way, for profit and loss items and balance sheet items, both of them would be shown in trial balance ga~~