Raminder paid a cheque, $975, to Kumar in full settlement of a debt of $1,000 How did Kumar record this Debit Credit A bank 975 Raminder 1000 discount allowed 25 B bank 975 Raminder 1000 discount received 25 C Raminder 1000 bank 975 discount allowed 25 D Raminder 1000 bank 975 discount received 25...

Raminder paid a cheque, $975, to Kumar in full settlement of a debt of $1,000. How did

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Raminder paid a cheque, $975, to Kumar in full settlement of a debt of $1,000.
How did Kumar record this?

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Cambridge IGCSE And O Level Accounting Coursebook

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Authors: Catherine Coucom

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Raminder paid a cheque, $975, to Kumar in full settlement of a debt of $1,000. How did

Question:

Debit Credit A bank 975 Raminder 1000 discount allowed 25 B bank 975 Raminder 1000 discount received 25 C Raminder 1000 bank 975 discount allowed 25 D Raminder 1000 bank 975 discount received 25

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Cambridge IGCSE And O Level Accounting Coursebook

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