Tei Ltd offered 1,560 units of magazines at N60 each. Tra...
Tei Ltd offered 1,560 units of magazines at N60 each. Trade discount is 10% and cash discount is 10% within 30 days and 5% within 60 days.
The cash discount allowed on the 50th day is?
9,360
8,424
4,680
4,212
Correct answer is C
Unit cost = 60
Quantity = 1560
60 x 1560 = 93600
Cash discount = 5/100 x 93600 = 4680
The major function of accounting bodies in Nigeria is to? ...
The part of capital issued only at the time of liquidation of the company is ...
Which of the following is a charge against profit? ...
Carriage inwards is shown on the ...
Le Raw materials: Stock (01/01/2017) 8...
The interest on partners' loans is? ...
The basic role of accounting is to? ...