Alaka who owed Saka #15,000, settled his debt after deducting cash discount of 10percent. To record the discount in the book of Saka, debit
- discount recieved account and credit Alaka's account
- Alaka's account and credit discount recieved account
- Saka's account and credit discount recieved account
-
discount allowed account and credit Alaka's account
The correct answer is: D
Explanation
Debit cash account and credit discount allowed account