Categories: Accounting WAEC

Kwamenah would record the 10% discount in the

Kwamenah bought goods worth Le 50,000 from Doe and Sons Limited on the following terms: 3% trade discount: 10% cash discount. Kwamenah returned defective goods worth Le 8,000 the next day and made payment for the remaining goods on the due date

 

A. sales journal
B. cash book
C. purchases journal
D. journal proper

Correct Answer:

Option C = purchases journal

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