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Which of the following is true of trade discounts?
Question 1
Report
Which of the following is true of trade discounts?
they are recorded in the ledger only
they are not different from cash discount
they are recorded in journal onlu
they are recorded in ledgers and journals
each discount receives double entries
Answer Details
Read lesson note on Nature And Significance Of Accounting (JAMB)
Read lesson note on Principles Of Double Entry (JAMB)
Nature And Significance Of Accounting
Principles Of Double Entry
View Answer