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:At the year end, the purchases ledger showed a debit…The trial balance will show return outwards account…Cash discount received is shown in the i. cash ii.…Discount allowed amounted to N320. What was the…The process of using sales ledger balance to cancel…