When discount is allowed, the accounting entry is debit discount allowed and credit?

By: |Published on: Jun 4|Categories: Accounting WAEC| 0 comments

A. suspense account
B. expense account
C. debtors account
D. creditors account

Correct Answer: Option C

C. debtors account

Users Also Read These:

SEE ALSO  The purchases ledger control account showed a credit balance of N525 000 on April 30 2006. This amount shows?

Copyright warnings! Do not copy.