Accounts - Principles of Accounts
WAEC 1990
Use the following information to answer the given question:
\(\begin{array}{c|c} \text{Date of delivery} & customer & \text{Gross amount N} & \text{Trade discount %} & \text{Cash Discount %} & \text{Terms of payment} \\ \hline \text{4/1/86} & \text{Mr. A.F.P} & 12,000 & 15 & 10 & \text{30 days of delivery}
\end{array}\)
The amount of discount in the ledger is
-
A.
N10,200
-
B.
N2,820
-
C.
N1,800
-
D.
N1,200
-
E.
N1,020
Correct Answer: Option B
Explanation
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