The total of the Discounts Allowed column in the Cash Book is posted to (A) The debit
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The total of the ‘Discounts Allowed’ column in the Cash Book is posted to
(A) The debit of the Discounts Allowed account
(B) The debit of the Discounts Received account
(C) The credit of the Discounts Allowed account
(D) The credit of the Discounts Received account.
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The correct answer is C The credit of the Discounts Allowed account Explanation In accounting discou...View the full answer
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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