which of the following conditions best represen... - JAMB Accounting 1997 Question
which of the following conditions best represents the net effect of discount allowed on credit sales on the accounts of the business?
A
decrease in the closing balance of sales ledger control accout
B
increase in net profit
C
increase in the value of sales
D
decrease in the value of purchases in the trading account
correct option: a
Please share this, thanks:
Add your answer
No responses