When discount is allowed, the accounting entry is debit D...
When discount is allowed, the accounting entry is debit Discount allowed and credit
suspense account
expense account
debtors account
creditors account
Correct answer is C
No explanation has been provided for this answer.
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\(\begin{array}{c|c} & \text{N} \\ \hline \text{Debtors opening} & 4000 \\ \hline \text{De...
Cash receipts and payments involving discounts are entered in ...
Purchasers - #44,880 Sales - #85,850 Trade creditors - #12,250 Trade debtors - #24,000 Accrued e...
Cost of raw materials available------ 32,000 Manufacturing wages -----10,000 Factory expenses...