by: Admin_LouisPosted on:

what will be the amount to be credited in the cash column of the company’s cash book?

Given:

If Emeka Enterprises settles its suppliers for goods purchased within 7 days, it can earn a cash discount of 12 and half percent. Assuming #22,800 worth of goods were purchased and settled within 5 days, what will be the amount to be credited in the cash column of the company’s cash book?

A #25,650

B #22,800

C #19,950

D #18,240

Answer is C

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