On 3 January 2019 Zandile's Boutique bought trade goods on credit from Nom's Wholesalers for R22...
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On 3 January 2019 Zandile's Boutique bought trade goods on credit from Nom's Wholesalers for R22 000, subject to a trade discount of 10%. A settlement discount of 5% is granted if the account is settled within 30 days from the date of purchase. If payment for this purchase is made on 1 March 2019, which one of the following is the amount that Zandile should pay Nom's Wholesalers in terms of the agreement of purchase and sale: (ignore VAT) a. R22 000. Ob R20 790, O R19 800. Od R18 810. On 3 January 2019 Zandile's Boutique bought trade goods on credit from Nom's Wholesalers for R22 000, subject to a trade discount of 10%. A settlement discount of 5% is granted if the account is settled within 30 days from the date of purchase. If payment for this purchase is made on 1 March 2019, which one of the following is the amount that Zandile should pay Nom's Wholesalers in terms of the agreement of purchase and sale: (ignore VAT) a. R22 000. Ob R20 790, O R19 800. Od R18 810.
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Related Book For
Fundamental Accounting
ISBN: 9781485112112
7th Edition
Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit
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