A sales invoice shows 20 items priced at £200 less trade discount of 10%. A cash discount of 5% is allowed if payment is received within 30 days. Which figure will be entered as a sale in the books?
A) £4,000
B) £3,800
C) £3,600
D) £3,060
Correct Answer:
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Q3: A statement:
A) Is usually sent to a
Q4: A credit note issued to your business
Q5: The bills payable book:
A) Records cheques received
Q6: A purchase invoice shows 10 items priced
Q7: A purchase invoice shows 10 items priced
Q9: A sales invoice shows 20 items priced
Q10: Which of the following is not typically
Q11: Which of the following is not an
Q12: Which of the following is correct? In
Q13: Which of the following is not a
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