Accounting WAEC

Discount allowed would appear on the?

A. debit side of sales control account and the credit side of purchases control account
B. debit side of sales ledger control account only
C. debit side of purchases ledger control account
D. credit side of the sales ledger control account
E. credit-side of the purchases ledger control account

Correct Answer:

Option D – credit side of the sales ledger control account

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