If the discount allowed is 2.5% of sales; calculate the closing balance in the sales ledger account. by Sunday | Dec 5 | Accounting JAMB | 0 comments A. N 1400 B. N6 600 C. N16 600 D. N18 600 Correct Answer: Option A – N 1400 Users Also Read These:When discount is allowed, the accounting entry is…The trial balance will show return outwards account…The balance on the sales ledger control Account at…Cash discount received is shown in the i. cash ii.…Which of the following columns of a three-column…