An allowance received from a creditor will column of the creditor's account. Multiple Choice increase the creditor's account balance and be posted to the debit increase the creditor's account balance and be posted to the credit decrease the creditor's account balance and be posted to the debit decrease the creditor's account balance and be posted to the credit

decrease the creditor's account balance and be posted to the debit

Explanation:

Allowances are reductions in the money owed to creditors and they include things like sales returns or sales discounts. When recorded, they should therefore reduce the amount in the creditor's account to show that less cash is owed to the creditor.

As Creditor accounts are liabilities, they are credited when they increase and debited when they decrease. They will therefore have to be debited in this instance.

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answer; to open a new transaction, the user should type the code/0 along with a new transaction code, when done with that the user should press enter to open the transaction; good luck;