Accounting 0452 · IGCSE · Books of prime entry

Books of prime entry — practice question

On 1 May, Bashir buys goods on credit with a list price of $200. A trade discount of $20 is allowed. If payment is made within 28 days, a cash discount of $10 will be allowed. Which amount is entered on the credit side of the supplier’s account on 1 May?

  • A$170
  • B$180
  • C$190
  • D$200

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