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When discount is allowed, the accounting entry is debit Discount allowed and credit
Classroom
Accounts - Principles of Accounts Classroom
Waec
Waec 2004
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When discount is allowed, the accounting entry is debit Discount allowed and credit
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Suspense account
B
Expense account
C
Debtors account
D
Creditors account
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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Accounts - Principles of Accounts
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