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The total of discounts column on the debit side of the cash book, recording cash discount deducted by customers when paying their accounts, is posted to thea)Credit of the discount allowed account.b)Debit of the discount received account.c)Credit of the discount received accountd)Debit of the discount allowed account.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The total of discounts column on the debit side of the cash book, recording cash discount deducted by customers when paying their accounts, is posted to thea)Credit of the discount allowed account.b)Debit of the discount received account.c)Credit of the discount received accountd)Debit of the discount allowed account.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The total of discounts column on the debit side of the cash book, recording cash discount deducted by customers when paying their accounts, is posted to thea)Credit of the discount allowed account.b)Debit of the discount received account.c)Credit of the discount received accountd)Debit of the discount allowed account.Correct answer is option 'D'. Can you explain this answer?.

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