When you give someone discount do you put it in the Debtor Journal or Debtor allowance journal?

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1144344

2026-03-16 03:05

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When you give someone a discount, it is typically recorded in the Debtor Allowance Journal. This journal specifically tracks allowances and discounts granted to debtors, reflecting adjustments to accounts receivable. The Debtor Journal, on the other hand, generally records standard transactions involving sales and payments without adjustments.

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