Accounting 0452 · IGCSE · Books of prime entry

Books of prime entry — practice question

Sue gives a $2\%$ cash discount to credit customers who pay their account within $28$ days. Jane bought goods with a list price of $\$200$ on 10 September. She sent these goods back on 15 September. Which entry should Sue record on 15 September?

  • Apurchases returns journal $\$196$
  • Bpurchases returns journal $\$200$
  • Csales returns journal $\$196$
  • Dsales returns journal $\$200$

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