Discount allowed on goods invoiced at N100,000 was calculated at the rate of 20% instead of 10%. The error is corrected by debiting
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- A Customer account with N20,000 crediting discount allowed with N20,000
- B Discount allowed with N10,000; crediting customer's account with N10,000
- C Customer's account with N10,000, crediting discount allowed with N10,000
- D Discount allowed with N20,000, crediting cash with N20,000
Correct Answer: Option B
Explanation:
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