Accounting 0452 · IGCSE · Books of prime entry

Books of prime entry — practice question

On 15 February, Kalou recorded these entries in his accounts. Debit: bank $228, discount allowed $12. Credit: Droghba $240. What transaction was this entry recording?

  • ADroghba paid Kalou by cheque after taking a cash discount.
  • BDroghba paid Kalou by cheque after taking a trade discount.
  • CKalou paid Droghba by cheque after taking a cash discount.
  • DKalou paid Droghba by cheque after taking a trade discount.

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