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A sales invoice included the following information

Question - A sales invoice included the following information: merchandise price, RM12,000; transportation, RM500; terms 2/10, n/eom, FOB shipping point. Assuming that a credit for merchandise returned of RM600 is granted prior to payment, that the transportation is prepaid by the seller, and that the invoice is paid within the discount period, what is the amount of cash received by the seller?

RM11,662

RM11,672

RM12,250

RM11,172

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Accounting Basics: A sales invoice included the following information

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Accounting Basics: A sales invoice included the following information

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