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:The amount a current account holder is allowed to…Cash discount received is shown in the i. cash ii.…When discount is allowed, the accounting entry is…The balance in a sales Ledger Counter Account indicates the?The trial balance will show return outwards account…