Question 0

which of the following conditions best represents the net effect of discount allowed on credit sales on the accounts of the business?

  • A.decrease in the closing balance of sales ledger control accout
  • B.increase in net profit
  • C.increase in the value of sales
  • D.decrease in the value of purchases in the trading account
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
1997
Question no.
#0
Type
Objective

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