Trade discounts received are deducted from the cost of purchases.
Trade discounts allowed are deducted from sales.
Cash discounts received are included as 'other income' of the period.
Cash discounts allowed are shown as expenses of the period.
Cash discount received
Dr: Trade payable
Cr: Discount received (other income)
Cash discount allowed
Dr: Discount allowed (expense)
Cr: Trade receivable
2. The operation of control accounts
3. 總分類賬：The xxx control account/the nominal ledger/the general ledger
明細分類賬：The xx ledger / the individual ledger/the personal ledger
The sales ledger---the receivable ledger
The purchase ledger---the payable ledger
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