Elance Exams Answers PDF file

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Download PDF file of elance Zoho Creator Exam Answers
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A business receives a check from a customer for £256 in full agreed settlement of an account which showed a debit balance of £270. Which of the following entries correctly records this transaction?

Debit cash £256, debit discount allowed £14, credit creditor £270.
Credit cash £256, credit discount received £14, debit debtor £270
Debit cash £256, debit discount allowed £14, credit debtor £270
Debit cash £256, debit discount received £14, credit debtor £270
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