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... from him & you paid your debt within required time; hence A John gave you cash discount’ What kind of discount is it? a Cash discount b discount allowed c Trade discount d discount received (Đ)... assets is always smaller than total of capital and liabilities c The two sides will always be equal to one another (Đ) d Total of assets is always bigger than total of capital and liabilities 18... ‘Drawings’ is withdrawals from a business by the owner for the business’ use b ‘Expenses’ is the costs of running a business and ‘Drawings’ is withdrawals from a business by the owner for his private
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