If the total discount allowed in a cash book wa... - JAMB Accounting 1999 Question
If the total discount allowed in a cash book was N230 and the total discount received was N255, which of the following is true concerning the two discounts?
A
They must be balanced in the cash book and the difference taken to the debtors ledger
B
They must be balanced in the cash book and the difference taken to the trial balance
C
They should not be balanced in the cash book before being taking to the trial balance
D
They should not appear in the trial balance as they were already either received or paid out
correct option: d
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