Which one is the income (1) discount allowed ( 2) discount received

A discount allowed is when the seller of goods or services grants a payment discount to a buyer. This discount is frequently an early payment discount on credit sales, but it can also be for other reasons, such as a discount for paying cash up front, or for buying in high volume, or for buying during a promotion period when goods or services are offered at a reduced price. It may also apply to discounted purchases of specific goods that the seller is trying to eliminate from stock, perhaps to make way for new models.

A discount received is the reverse situation, where the buyer of goods or services is granted a discount by the seller. The examples just noted for a discount allowed also apply to a discount received.

So correct answer is the discount received

Answer is (2) Discount received

the correct answer is option2 Discount Received

2. DISCOUNT RECEIVED.

because it is the amount deducted from the payment

(2) is the Correct Ans.

Discount Received from supplier is Income, but the Discount allowed to customers' is an expense in income statement.

Discount received. Discount allowed is expense.

Discount received is treated as income of business

WHEN WE RECIEVED DISCOUNT FROM SUPPLIER TAT IS OUR INCOME

Discount Received is the "Income"  when a company pay its Accounts Payable before the" Due Date" then obtains the benefit in  the form of "DISCOUNT RECEIVED".

Discount received is the income which the company received from the supplier.

Discount allowed is only on Cash / Credit Sales and Discount Received is only on Cash / Credit Purchase

Illustration:

If you purchase for USD1000 and the Seller gives you a discount of5% then your net purchase would be USD950. You earn USD50. The correct answer is only Discount Received