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Date Particulars Folio Details Total 1/6/02 2 bags of maize SL 1,800 1,800 12/6/02 3 bags of salt less 5% discount 7,000 7,000 8,800 The 5% discount shown a...
Question 1
Report
Date
Particulars
Folio
Details
Total
1/6/02
2 bags of maize
SL
1,800
1,800
12/6/02
3 bags of salt
less 5% discount
7,000
7,000
8,800
The 5% discount shown above indicates
trade discount
cash discount
discount allowed
discount received
Answer Details
Read lesson note on Nature And Significance Of Accounting (JAMB)
Nature And Significance Of Accounting
View Answer