Question 0

Alaka who owed Saka N15,000, settled his debt after deducting cash discount of 10%. To record the discount in the book of Saka, debit

  • A.Saka's account and credit discount received account
  • B.Alaka's account and credit discount received account
  • C.Discount received account and credit Alaka's account
  • D.Discount allowed account and credit Alaka's account
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
2016
Question no.
#0
Type
Objective

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