JAMB Accounting 2025 Objective — Question 4
Question 4 of 41 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2025 Objective paper, with the correct answer and a full explanation.
Advertisement
Which of the following items will be appearing on the credit side of the ledger account?
- A. Discount receivedCorrect
- B. Cash received
- C. Rent Expenses
- D. Purchases
Explanation
In the cash book, when a supplier is paid, the discount received will be deducted. Both payment and discount received appear on the credit side of the cash book.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.