Waec Model Questions Vol1 2020 Financial Accounting Question 50
Practice objective / multiple choice question 50 from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
On 15 June 2025, XYZ Co purchased office furniture costing N120,000 on credit. The supplier offered a 10 % cash discount if payment was made within 30 days, and the company paid cash immediately, taking the discount. Record the journal entry for this transaction.
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About This Question
This is Waec Model Questions Vol1 2020 Financial Accounting Question 50. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Easy .
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