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When discount is allowed, the accounting entry is debit Discount allowed and credit

Accounts - Principles of Accounts
WAEC 2004
When discount is allowed, the accounting entry is debit Discount allowed and credit
  • A. suspense account
  • B. expense account
  • C. debtors account
  • D. creditors account
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Correct Answer: Option C
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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