Calculate the cash discount?

Use the information below to answer the question. Adamu Stores bought accessories from Mu’azu Beverages for N400 on credit. A trade discount of 10% and a cash discount of 15% were provided. A. N60 B. N90 C. N40 D. N100 Correct Answer: Option A –...
In bank reconciliation process; discrepancies cause by timing arises as a result of?

Find the total amount paid?

Use the information below to answer the question. Adamu Stores bought accessories from Mu’azu Beverages for N400 on credit. A trade discount of 10% and a cash discount of 15% were provided. A. N260 B. N300 C. N200 D. N380 Correct Answer: Option B –...
In bank reconciliation process; discrepancies cause by timing arises as a result of?

The major feature of a journal is that it has?

A. six columns, date, particulars, folio, amount, debit and credit B. five columns, date particulars, folio, debit and credit C. three columns, date particulars and folio D. four columns, date particulars, folio and amount Correct Answer: Option B – five...

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