JAMB Accounting 2025 Objective — Question 26
Question 26 of 41 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2025 Objective paper, with the correct answer and a full explanation.
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Discounts received are
- A. Granted by the buyer of goods to the sellerCorrect
- B. Deducted when we receive cash
- C. Given by us when we sell goods on credit
- D. None of these
Explanation
Discounts received are given to the buyer by the seller.
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