Are sales discounts reported as an expense?

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Marilou dela Paz

by Marilou dela Paz , Finance and Office Manager , Omni MEA Tyres - Dubai

No. Sales discounts should be deducted from Sales Account.

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by Aman Acharya , Articled Trainee , S D & Associates

Reported as "Discount allowed" in Profit & Loss Statement, It is a type of Selling Expenses.

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