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Discounts granted branch customers are treated as a debit to branch?

Accounts - Principles of Accounts
JAMB 2004
Discounts granted branch customers are treated as a debit to branch?
  • A. stock account and a credit to branch debtors'account
  • B. discount account and a credit to branch bank account
  • C. stock account and a credit to branch bank account
  • D. discount account and a credit to branch debtors' account
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Correct Answer: Option D
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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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