In a cash receipts journal, the amount deducted by a customer for paying within the credit terms is entered in the:
A) cash column.
B) total sales column.
C) bank column.
D) discount allowed column.

Name: In a cash receipts journal, the amount deducted by a customer for paying within the credit terms is entered in the: A) cash column. B) total sales column. C) bank column. D) discount allowed column.
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Question

Quizplus · Accepted Answer

In a cash receipts journal discounts allowed are entered into the column titled 'discount allowed'.

In a Cash Receipts Journal, the Amount Deducted by a Customer