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NSZ Ltd. makes payments to its sundry creditors through cheques and the cash discount received on these payments is recorded in the triple-columnar cash book. In the event of dishonor of any such cheques, the discount so received should be written back through: (i) A debit to discount column of the cash book. (ii) A credit to the discount column of the cash book. (iii) A credit to the bank column of the cash book. (iv) A debit to discount account through journal proper. (v) A credit to creditor’s account through journal proper.Select the correct answer from the options given below

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NSZ Ltd. makes payments to its sundry creditors through cheques and the cash discount received on these payments is recorded in the triple-columnar cash book. In the event of dishonor of any such cheques, the discount so received should be written back through:<br /> (i) A debit to discount column of the cash book.<br /> (ii) A credit to the discount column of the cash book.<br /> (iii) A credit to the bank column of the cash book.<br /> (iv) A debit to discount account through journal proper.<br /> (v) A credit to creditor’s account through journal proper.<br />Select the correct answer from the options given below






 
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