Alaka who owed Saka #15,000, settled his debt after deducting cash discount of 10percent. To record the discount in the book of Saka, debit
A discount recieved account and credit Alaka’s account
B Alaka’s account and credit discount recieved account
C Saka’s account and credit discount recieved account
D discount allowed account and credit Alaka’s account
Answer is D
