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
Correct Answer:
Option A – Saka’s account and credit discount received account
Explanation
Alaka is a debtor to saka we therefore
debit saka’s cash account and credit allowed account
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