Maintaining financial records [AF-REC]

A business allows a customer a cash discount of £50 for prompt payment, and the customer settles the invoice. How is the discount recorded in the business's books?

Debit discount received £50; credit trade receivables £50
Debit sales £50; credit bank £50
Debit discount allowed £50; credit trade receivables £50
Debit trade receivables £50; credit discount allowed £50
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