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Abba offers 5% cash discount on goods worth N10 000, The discount allowed account is to ...
Classroom
Accounts - Principles of Accounts Classroom
Jamb
Jamb 2008
Cashbook
Discounts
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Abba offers 5% cash discount on goods worth N10 000, The discount allowed account is to be?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Debited with N10 000
B
Credited with N10 000
C
Debited with N500
D
Credited with N500
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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Accounts - Principles of Accounts
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