Is it better to record a purchase net of the discount? Explain

Yes, It is better to record a purchase net of the discount. If the purchases are shown at gross value, indicates that more goods are purchased than actual. Gross purchases will also show the higher the cost of goods sold of the organization. As the higher cost of goods indicates the less gross margin. So it shows the less profitability of the organization. It will affect the market share and reputation of the organization in the market. Therefore, the purchase should be recorded as a net of the discount.