MCQOPTIONS
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| 1. |
The total of the ‘Discounts Allowed’ column in the Cash Book is posted to? |
| A. | The debit of the Discounts Received account |
| B. | The debit of the Discounts Allowed account |
| C. | The credit of the Discounts Allowed account |
| D. | The credit of the Discounts Received account |
| Answer» C. The credit of the Discounts Allowed account | |