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How much is to be paid if a customer pays before due date

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Reference no: EM132817999

Problem 1. A supplier offers the following discounts: Trade discounts of 10% at list price and another cash discount of 5% if paid in full before the due date. How much is to be paid if a customer pays before due date at a list price of P16,000?

a. P13,680

b. P15,520

C. P14,000

d. P16,000

Problem 2. A trade discount is:

a. shown in the sales journal.

b. shown in the purchase journal.

C. shown in the general journal.

d. not shown anywhere.

Reference no: EM132817999

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