LIN
Question 1
On January 2005. Mora started a business, Sri Cemerlang Trading, which sell...
LIN
Question 1
On January 2005. Mora started a business, Sri Cemerlang Trading, which sells sports equipment. The
company purchased all stocks from suppliers through cash and credit basis. However, the business
sells its products in cash basis only. The acoounts payable account is used for recording purchases of
slocks only, while other current liabilities are accrued in separate accounts.
CU
On 12 August 2012, Sri Cemerlang Trading purchases RM20,000 of merchandise on account.
Purchased terms were 2/10, n130.
Question:
a How much will the Sri Cemerlang Trading have to pay for merchandise if it pays on August 20?
How much will the Sri Cemerlang Trading have bo pay for the merchandise if it pays on
September 3?
Answers: 3
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