Gce Model Questions Vol1 2018 Financial Accounting Question 46

Practice objective / multiple choice question 46 from the 2018 Gce Model Questions Vol1 Financial Accounting examination.

Gce Model Questions Vol1 2018 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 46 GCE_MODEL_QUESTIONS_VOL1 • 2018 • FINANCIAL_ACCOUNTING • objective

A company bought inventory for \(80,000\) on credit, paid cash freight of \(2,000\), and received a discount of \(1,000\) on the inventory price. What total amount is recorded on the debit side of the journal entry for this transaction?

Answer Options

A. 80,000
B. 79,000
C. 82,000
Correct Answer D. 81,000
Correct Answer
D
Correct Option:
81,000

About This Question

This is Gce Model Questions Vol1 2018 Financial Accounting Question 46. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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