A business purchased merchandise for 12000 on account terms


A business purchased merchandise for 12,000 on account; terms are 2/10 n/30. If 2,000 of the merchandise was returned and the remaining amount due was paid within the discount period, the purchase discount would be:

a. 240, b. 200, c. 1200, d. 1000, e. 3600

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Financial Accounting: A business purchased merchandise for 12000 on account terms
Reference No:- TGS01005131

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