ACCOUNTING

JAMB 2014 - Question 10

Account 2014 JAMB Past Questions - Question 10: Given: If Emenike Enterprises settles its suppliers for goods purchased within 7 days, it can earn a cash discount of 12 1/2%. Assuming N22,800 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?

Choose the most appropriate option for the gap .
Given: If Emenike Enterprises settles its suppliers for goods purchased within 7 days, it can earn a cash discount of 12 1/2%. Assuming N22,800 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:
B:
C:
D:
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Correct Answer

C

Explanation