Which of the following entries is correct in respect of reserve for discounts on accounts payable?

A. Debit Accounts Payable A/c and Credit P&L A/c

B. Debit P&L A/c and Credit Reserve for Discount on Accounts Payable A/c

C. Debit Reserve for Discount on Accounts Payable A/c and Credit P&L A/c

D. Debit Reserve for Discount on Accounts Payable A/c and credit Accounts Payable A/c

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