Question 34

Use the following information to answer the given question:
\(\begin{array}{c|c} \text{Date of delivery} & customer & \text{Gross amount N} & \text{Trade discount %} & \text{Cash Discount %} & \text{Terms of payment} \\ \hline \text{4/1/86} & \text{Mr. A.F.P} & 12,000 & 15 & 10 & \text{30 days of delivery}
\end{array}\)
If Mr. A.F.P. settled his account after 30 days of the delivery, his total discount would be

  • A.N1,020
  • B.N1,200
  • C.N10,800
  • D.N2,820
  • E.N10,800
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1990
Question no.
#34
Type
Objective

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