Accounting 0452 · IGCSE · Books of prime entry

Books of prime entry — practice question

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

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