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In a control account, discount received is found on the?

Accounts - Principles of Accounts
JAMB 2002
In a control account, discount received is found on the?
  • A. debit side of the purchase ledger control account
  • B. debit side of the sales ledger control account
  • C. credit side of the purchase ledger control account
  • D. credit side of the sales ledger control account
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Correct Answer: Option A
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Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789