JAMB - Accounts Principles Of Accounts (2023 - No. 2)

The use of three column cash book is determined by

trade discount

cash transaction

bank transaction

cash discount

Explanation

The cash discount is allowed for prompt payment of an account or for payment within a specified period of time. It is divided into discount allowed and discount received.

JAMB - Accounts Principles Of Accounts (2023 - No. 2)

Explanation

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