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An invoice of RM15,000 and dated 18 April 2016 is offered 30% trade discount and cash discount terms of 9/10, n/30. Find: a) the amount of trade discount offered. b) the amount of cash discount offered. c) the net payment if the invoice is paid on 28 April 2016.

An invoice of RM15,000 and dated 18 April 2016 is offered 30% trade discount and cash discount terms of 9/10, n/30. Find: a) the amount of trade discount offered. b) the amount of cash discount offered. c) the net payment if the invoice is paid on 28 April 2016.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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An invoice of RM15,000 and dated 18 April 2016 is offered 30% trade discount and cash discount terms of 9/10, n/30. Find: a) the amount of trade discount offered. b) the amount of cash discount offered. c) the net payment if the invoice is paid on 28 April 2016.
Transcribed Image Text:An invoice of RM15,000 and dated 18 April 2016 is offered 30% trade discount and cash discount terms of 9/10, n/30. Find: a) the amount of trade discount offered. b) the amount of cash discount offered. c) the net payment if the invoice is paid on 28 April 2016.
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