In a control account, discount received is found on the?

Accounts - Principles of Accounts JAMB 2002

In a control account, discount received is found on the?

  • debit side of the purchase ledger control account checkmark
  • debit side of the sales ledger control account
  • credit side of the purchase ledger control account
  • credit side of the sales ledger control account

The correct answer is: A

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