A sole trader purchased goods in cash worth N2000 at 2% discount and made a cash sale of N1000 at the same rate of discount. Determine the amount of discount allowed? by Sunday | Dec 5 | Accounting JAMB | 0 comments A. N20 B. N40 C. N400 D. N200 Correct Answer: Option A – N20 Users Also Read These:Abba offers 5% cash discount on goods worth N10000.…When discount is allowed, the accounting entry is…Cash discount received is shown in the i. cash ii.…If a country's national income increased from N1000…If a buyer is given 12.5% discount on N50 000 worth…