Goods with a list price of 37,500 were returned to the supplier. When purchased the supplier had

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Goods with a list price of £37,500 were returned to the supplier. When purchased the supplier had allowed 5% trade discount and had offered 4% cash discount for settlement within a week. The amount to be posted from the Returns Outwards Book to the VAT account would be:

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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