WAEC Accounting 2020 Objective — Question 31
Question 31 of 50 from the West African Examinations Council (WAEC) Accounting 2020 Objective paper, with the correct answer and a full explanation.
Advertisement
Doe and Sons Limited would enter the 3% discount in the
- A. sales journalCorrect
- B. cash book
- C. purchases journal
- D. journal proper
Explanation
Doe and Sons (the seller) will record the 3% trade discount as part of their sale transaction in the sales journal.
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.