Use the following information to answer the given...
Use the following information to answer the given question:
\(\begin{array}{c|c} \text{Date of delivery} & customer & \text{Gross amount N} & \text{Trade discount %} & \text{Cash Discount %} & \text{Terms of payment} \\ \hline \text{4/1/86} & \text{Mr. A.F.P} & 12,000 & 15 & 10 & \text{30 days of delivery}
\end{array}\)
The amount of discount in the ledger is
N10,200
N2,820
N1,800
N1,200
N1,020
Correct answer is B
No explanation has been provided for this answer.
Carriage outwards is charged to the ...
Which of the following items is a capital expenditure? ...
The balancing figure in the purchases ledger control account is? ...
\(\begin{array}{c|c} & & ₦ \\ \hline \text{capital accounts:} & Ojo & 40,000 \\ &a...
Profit expressed as a proportion of cost price is ...
In a partnership goodwill is recognized when ...
Which of the following accounts belongs to the personal ledger? ...
Use the following information to answer the given question. \(\begin{array}{c|c} & Ebrima &...
Which of the following is a debit item in the purchase ledger control account? ...