Alaka who owed Saka N15 000 settled his debt af... - JAMB Accounting 2016 Question
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
A
Saka's account and credit discount received account
B
Alaka's account and credit discount received account
C
Discount received account and credit Alaka's account
D
Discount allowed account and credit Alaka's account
correct option: a
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