A. they are recorded in the ledger only
B. they are not different from cash discount
C. they are recorded in journal only
D. they are recorded in ledgers and journals
E. each discount receives double entries

Correct Answer:

Option C – they are recorded in journal only

SEE ALSO  Adex Ltd. Issues stock to its retail branches at cost price. Calculate the cost of goods credited to the head office trading account?

Copyright warnings! Do not copy.