Categories: Accounting WAEC

The cash paid by Kwamenah was

Kwamenah bought goods worth Le 50,000 from Doe and Sons Limited on the following terms: 3% trade discount: 10% cash discount. Kwamenah returned defective goods worth Le 8,000 the next day and made payment for the remaining goods on the due date

 

A. Le 43,650
B. Le 43,500
C. Le 37,800
D. Le 36,660

Correct Answer:

Option D = Le 36,660

Sunday

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