A sole trader purchased goods in cash worth N2000 at 2% discount and made a cash sale of N1000 at the same rate of discount. Determine the amount of discount allowed?

By: |Published on: Dec 5|Categories: Accounting JAMB| 0 comments

A. N20
B. N40
C. N400
D. N200

Correct Answer:

Option A – N20

Users Also Read These:

SEE ALSO  Which of the following is found in the private ledger?

Copyright warnings! Do not copy.