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Kwamenah bought goods worth Le 50,000 from Doe and Sons Limited on the following terms:...

Accounts - Principles of Accounts
WAEC 2020

Kwamenah bought goods worth Le 50,000 from Doe and Sons Limited on the following terms: 3% trade discount: 10% cash discount. Kwamenah returned defective goods worth Le 8,000 the next day and made payment for the
remaining goods on the due date

The cash paid by Kwamenah was 

  • A. Le 43,650
  • B. Le 43,500
  • C. Le 37,800
  • D. Le 36,660
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Correct Answer: Option D
Explanation
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