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

Accounts (Principles of Accounts)The cash book and discountsJAMB

In a three-column cash book, the total of the discount column on the debit side is posted to the

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Answer: A. debit of discount allowed account

Debit-side discounts are discounts allowed to customers, an expense debited in the ledger.

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