After a $2\frac{1}{2}\%$ cash discount and a trade discount of $20\%$ had been deducted, a customer paid $15\,600$ to a supplier. What was the invoice amount recorded in the purchases journal?
- A$12\,480
- B$15\,600
- C$16\,000
- D$20\,000
Accounting 0452 · IGCSE · Books of prime entry
After a $2\frac{1}{2}\%$ cash discount and a trade discount of $20\%$ had been deducted, a customer paid $15\,600$ to a supplier. What was the invoice amount recorded in the purchases journal?