The account shown below was recorded in Abdul’s books. Hanif’s account: Debit side: 18 Jan returns $\$100$, 31 Jan bank $\$392$, discount $\$8$, balance c/d $\$150$. Credit side: 1 Jan balance b/d $\$400$, 4 Jan purchases $\$250$. Which statement is correct?
- AOn 1 January, Abdul owed Hanif $\$400$.
- BOn 4 January, Hanif purchased goods, $\$250$, from Abdul.
- COn 31 January, Abdul allowed Hanif $\$8$ trade discount.
- DOn 31 January, Hanif owed Abdul $\$150$.