Question 2

Which of the following is true of trade discounts?

  • A.they are recorded in the ledger only
  • B.they are not different from cash discount
  • C.they are recorded in journal onlu
  • D.they are recorded in ledgers and journals
  • E.each discount receives double entries
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1993
Question no.
#2
Type
Objective

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