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Subject - Accounting:

General Concepts

MCQ - 31-33

Question:

The total of the ‘Discounts Allowed’ column in the Cash Book is posted to:

  1. The debit of the Discounts Received account
  2. The debit of the Discounts Allowed account
  3. The credit of the Discounts Allowed account
  4. The debit of the Discounts Allowed account

Correct Answer: B

Explanation:

Not available

Record Performance

355 MCQ for effective preparation of the test of General Concepts of Accounting section.

Read the MCQ statement: The total of the ‘Discounts Allowed’ column in the Cash Book is posted to:, keenly and apply the method you have learn through the video lessons for General Concepts to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 31-33.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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