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

Accounts (Principles of Accounts)The cash book and discountsJAMB

The total of the discount allowed column is posted to the

Show answer

Answer: D. debit of the discount allowed account

Discount allowed is an expense.

An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.

Practise The cash book and discountsA timed set on this topic, freeAsk the AI TutorExplain it another way

Discussion

Ask about a step, share a shortcut, or explain it your way. Be kind; no links.

No comments yet. Be the first to explain it.

More The cash book and discounts questions