Accounting JAMB

Tunde purchased goods from Femi by cash worth N1000 with 10% cash discount. Tunde’s ledger control account is to be?
Tunde purchased goods from Femi by cash worth N1000 with 10% cash discount. Tunde’s ledger control account is to be?Tunde purchased goods from Femi by cash worth N1000 with 10% cash discount. Tunde’s ledger control account is to be?

A. deited by N100
B. credited by N100
C. credited by N1000
D. deited by N1000

Correct Answer:

Option A – deited by N100

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