Cash discount received is shown in the i. cash ii. Discount Received Account iii. suppliers’ Account Posted on:
A trader paid N15,000 on rent for 15 months but charged N12,000 to the Profit and Loss account for the year. This is the concept of Posted on:
A deduction from the sales price of goods that is allowed if payment is made within a specified period of time Posted on:
A trader paid N15,000 on rent for 15 months but charged N12,000 to the profit and loss Account for the year. This is the concept of Posted on:
