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At what amount the entity should record the purchase

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Question - Romania Company regularly buys earphones and is allowed a trade discount of 20% and 10%. The entity made a purchase on March 20 and received an invoice with a list price of P900,000, a freight charge of P50,000, and payment terms of net 30 days. At what amount the entity should record the purchase?

Reference no: EM133046418

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