Learn
Practice
Download App
News
FAQs
Help
German (DE)
English (EN)
Spanish (ES)
French (FR)
Yoruba (NG)
Igbo (NG)
Hausa (NG)
Dutch (NL)
Portuguese (PT)
Swahili (TZ)
Provision for discount allowed can be recorded as debit to?
Question 1
Report
Provision for discount allowed can be recorded as debit to?
the profit and loss account and a credit to provision for discount allowed
provision for discount allowed and a credit to the profit and loss account
discount allowed and a credit to the profit and loss account
expenses and a credit to customers' account
Answer Details
Read lesson note on Provisions And Reserves (WAEC)
Provisions And Reserves
View Answer