On 4 February Ann purchased goods, list price $5,200, on credit from Maria. The terms of trade

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On 4 February Ann purchased goods, list price $5,200, on credit from Maria. The terms of trade were:

20% trade discount on orders over $5,000.

2 1/2% cash discount if account paid by the end of the month.

Which amount did Ann enter in her accounts on 4 February?

A. $4,056

B. $4,160

C. $5,070

D. $5,200

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Cambridge IGCSE And O Level Accounting Coursebook

ISBN: 9781316502778

2nd Edition

Authors: Catherine Coucom

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Question Posted: Sep 15, 2021 05:54 AM

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On 4 February Ann purchased goods, list price $5,200, on credit from Maria. The terms of trade

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option B is correct 4160 working list pric...View the full answer

Cambridge IGCSE And O Level Accounting Coursebook

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