Accounting for IGCSE & O level - Accounting Procedures (Section 9 - No. 31)
What will be the journal entry if \$200 of discount allowed was omitted?
Debit discount allowed and credit suspense amount
Debit expenses and credit suspense amount
Credit discount allowed and debit suspense amount
Debit capital account and credit suspense amount
Explanation
Debit expenses and credit suspense amount
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