Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 36 - No. 18)
In a three-column cash book, where would you record the cash discount allowed?
Debit side, in a separate column
Credit side, in a separate column
The cash column only
The bank column only
Explanation
In a three-column cash book, the cash discount allowed is recorded on the debit side in its own separate column.
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