Accounting 0452 · IGCSE · Books of prime entry

Books of prime entry — practice question

A trader prepares an invoice for goods that are sold on credit. The listed price of the goods is $\$2500$. The trader gives a trade discount of $15\%$, and also provides a cash discount of $4\%$ if payment is made promptly. Which amount is entered in the sales journal?

  • A$\$2025$
  • B$\$2040$
  • C$\$2125$
  • D$\$2500$

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