Retail
Redemption of Store Discount Coupon
Recording a sale where the customer uses a $10 discount coupon.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash | Asset (+) | 90.00 | - |
| Sales Discounts (Coupons) | Contra-Revenue (+) | 10.00 | - |
| Sales Revenue | Revenue (+) | - | 100.00 |
💡 Accountant's Note
This allows the business to track exactly how much revenue was 'lost' to marketing promotions versus actual gross sales.
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