Question
What is meant by Provision for Discount on Debtors?
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| ₹ | |
| Cost of Goods Sold | 65,000 |
| Stock in the beginning | 4,000 |
| Closing Stock | 5,000 |
| ₹ | |
| Purchases | 93,000 |
| Wages | 20,000 |
| Sales | 1,20,000 |
| Carriage Outwards | 3,200 |
| Opening Stock | 16,000 |
| Rate of Gross Profit 25% on Cost. |