The discount column on the left-hand side of ca... - JAMB Accounting 2017 Question
The discount column on the left-hand side of cashbook represents a discount
A
received from a creditor
B
allowed to a debtor
C
received from a debtor
D
allowed to a creditor
correct option: b
Allowed to a debtor: the debit side of the cashbook is where all proceeds from sales are recorded and have to be matched with the discount allowed to the debtor /creditor
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