Accounting 0452 · IGCSE · The trial balance

The trial balance — practice question

The following was an account in Peter’s accounting records: Rami Bank $380$, discount received $20$, balance b/d $400$. Which statement is correct?

  • APeter received a discount for buying in bulk.
  • BPeter received a discount for paying early.
  • CRami received a discount for buying in bulk.
  • DRami received a discount for paying early.

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