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Alaka who owed Saka #15,000, settled his debt after deducting cash discount of 1...


Question

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

Options

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

The correct answer is D.


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