Danjuma Ltd. bought 10 bags of rice for N500 each. The company was given 5% and 12% trade and cash discounts respectively. What will be recorded as discount received in the company’s book? by Sunday | Apr 7 | Accounting JAMB | 0 comments A. ₦250 B. ₦570 C. ₦850 D. ₦600 Correct Answer: Option D = ₦600 Users Also Read These:In bank reconciliation, when a cash book shows a…XYZ Ltd's total sales was #100,000. It had opening…A sole trader purchased goods in cash worth N2000 at…Given a purchases invoice showing 5 items at N40,000…What is the retailer's profit per bag of rice if he…