Alaka who owed Saka N15,000, settled his debt after deduc...
Alaka who owed Saka N15,000, settled his debt after deducting cash discount of 10%. To record the discount in the book of Saka, debit
Saka's account and credit discount received account
Alaka's account and credit discount received account
Discount received account and credit Alaka's account
Discount allowed account and credit Alaka's account
Correct answer is A
Alaka is a debtor to saka we therefore
debit saka's cash account and credit allowed account
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