[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
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  5. Discount received is...

Discount received is posted on the credit side of 

Book Keeping
WAEC 2024

Discount received is posted on the credit side of 

  • A. petty cash book
  • B. sales book
  • C. profit and loss account
  • D. trading account
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Correct Answer: Option C
Explanation

Discount received is an income,thus,it will show on the credit side of the profit and loss account

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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076