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

The correct answer is A. decrease in the closing balance of sales ledger control accout

No explanation given
Previous question Next question