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Griffin Ltd Made a Sale of $800 to a Customer

Question 11

Multiple Choice

Griffin Ltd made a sale of $800 to a customer on terms of 2.5/10,n/30 on 1 July.The account was paid on 8 July.Griffin Ltd would make which of the following postings to the ledger on 8 July?


A) DR Discount expense $20
B) DR Accounts receivable $800
C) CR Discount revenue $20
D) CR Discount expense $20.

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