which of the following conditions best represents the net effect of discount allowed on credit sales on the accounts of the business? - SchoolNGR

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which of the following conditions best represents the net effect of discount allowed on ...

which of the following conditions best represents the net effect of discount allowed on credit sales on the accounts of the business?

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Decrease in the closing balance of sales ledger control accout
B Increase in net profit
C Increase in the value of sales
D Decrease in the value of purchases in the trading account

Correct Answer: Option A

Explanation:

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