Waec Model Questions Vol1 2019 Financial Accounting Question 17

Practice objective / multiple choice question 17 from the 2019 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2019 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 17 WAEC_MODEL_QUESTIONS_VOL1 • 2019 • FINANCIAL_ACCOUNTING • objective

A company purchased inventory on credit for ₦180,000. The supplier offered a 2% cash discount if payment is made within 10 days. The company pays within the discount period. How much cash does the company pay for the inventory?

Answer Options

Correct Answer A. 176400
B. 176000
C. 177600
D. 180000
Correct Answer
A
Correct Option:
176400

About This Question

This is Waec Model Questions Vol1 2019 Financial Accounting Question 17. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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