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Alaka who owed Saka N15,000, settled his debt after deducting cash discount of 10%. To record the discount in the book of Saka, debit

Alaka who owed Saka N15,000, settled his debt after deducting cash discount of 10%. To record the discount in the book of Saka, debit

A Saka’s account and credit discount received account

B Alaka’s account and credit discount received account

C Discount received account and credit Alaka’s account

D Discount allowed account and credit Alaka’s account

Answer is A

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