The discount column on the left-hand side of cashbook represents a discount
The discount column on the left-hand side of cashbook represents a discount
A received from a creditor
B allowed to a debtor
C received from a debtor
D allowed to a creditor
Answer is B
Allowed to a debtor: the debit side of the cashbook is where all proceeds from sales are recorded and have to be matched with the discount allowed to the debtor /creditor
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