Home » Accounts (Principles of Accounts) » Abba offers 5% cash discount on goods worth N10 000, The discount allowed account is…Abba offers 5% cash discount on goods worth N10 000, The discount allowed account is… Abba offers 5% cash discount on goods worth N10 000, The discount allowed account is to be? A. debited with N10 000 B. credited with N10 000 C. debited with N500 D. credited with N500 Correct Answer: Option C Explanation Related Posts Rent owing by a business is shown in the Which of the following is not used in solving problems of incomplete records? Which of the following is n asset? The acid test ratio in the company is The statement of assets and liabilities in the public sector can be described as the? A balance sheet is prepared
