Which of the following is true of trade discounts?
They are recorded in the ledger only
They are not different from cash discount
They are recorded in journal only
They are recorded in ledgers and journals
Each discount receives double entries
Correct answer is C
No explanation has been provided for this answer.
The books of accounts are opened by means of a
Sales journal
Principle journal
Purchases journal
Return inwards journal
Return outwards journal
Correct answer is B
No explanation has been provided for this answer.
Prepayment
Stock
Accrual
Land
Debenture
Correct answer is D
No explanation has been provided for this answer.
N3,250
N3,562
N3,656
N3,750
N4,062
Correct answer is D
No explanation has been provided for this answer.
N1,313
N1,406
N1,625
N1,750
N1,875
Correct answer is A
No explanation has been provided for this answer.