Hauwa Ltd bought 10bags of rice for N500 each T... - JAMB Accounting 2001 Question
Hauwa Ltd bought 10bags of rice for N500 each.
The company was given 5% AND 12% trade and cash discounts respectively. What will be recorded as discount received in the company's book?
The company was given 5% AND 12% trade and cash discounts respectively. What will be recorded as discount received in the company's book?
A
N250
B
N570
C
N600
D
N850
correct option: c
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