Accounting 0452 · IGCSE · Business documents

Business documents — practice question

Sue offers a 2% cash discount to credit customers who pay their account within 28 days. Jane bought goods worth $200 from Sue on 10 September, but she returned them to Sue on 15 September. Which entry did Sue record for the transaction on 15 September?

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

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