A trade discount:
A) Does not form part of the double entry system
B) Will have to be debited to the sales account
C) Has to be posted to the credit suppliers account
D) Will be posted to either discount received or discount paid
Correct Answer:
Verified
Q1: Which of the following is a book
Q2: The company returns goods to the supplier
Q3: The cash book:
A) Records cheques received and
Q4: A cash discount given to a customer
Q6: On behalf of the business, you pay
Q7: Which of the following is not an
Q8: In the cash book a cheque written
Q9: In the cash book a cheque written
Q10: In the cash book a cheque written
Q11: In the cash book a cheque received
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