GCE Book Keeping 2015 Objective — Question 18
Question 18 of 40 from the General Certificate of Education (GCE) Book Keeping 2015 Objective paper, with the correct answer and a full explanation.
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Discount received would be recorded in the
- A. credit side of total debtors account
- B. credit side of total creditors account
- C. debit side of total debtors account
- D. debit side of total creditor accountCorrect
Explanation
Discount received reduces the amount owed to creditors, and is recorded on the debit side of the total creditors (purchases ledger control) account.
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