Given a purchases invoice showing 5 items at N40,000 each less trade discount of 25% and cash discount of 10% the amount to be paid within the credit period is?

Which of the following is not correct?

A. increases in asset accounts are entered on the debit side B. decreases in assets accounts are entered on the credit side C. increases in liability accounts are entered on the credit side D. decreases in liability accounts are entered on the credit side Correct...

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