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Accounts (Principles of Accounts) · The cash book and discounts

Accounts (Principles of Accounts)The cash book and discountsWAEC

A trader received ₦19,000 cash from a debtor who owed ₦20,000 and was allowed a discount. The discount allowed is

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Answer: A. ₦1,000

20,000 − 19,000 = ₦1,000.

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