which of the following conditions best represents the net effect of discount allowed on credit sales on the accounts of the business?

which of the following conditions best represents the net effect of discount allowed on credit sales on the accounts of the business?

A decrease in the closing balance of sales ledger control accout

B increase in net profit

C increase in the value of sales

D decrease in the value of purchases in the trading account

Answer is A

Leave a Reply

MEET OVER 2000 NOUN STUDENTS HERE. 

Join us for latest NOUN UPDATES and Free TMA answers posted by students on our Telegram. 

OUR ONLINE TUTORIAL CLASS IS NOW ON!!! JOIN US NOW. 
JOIN NOW!
close-link