WAEC Accounting 2018 Objective — Question 12
Question 12 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.
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The cash discount allowed on the 50th day is
- A. ₩9,360
- B. ₦8,424
- C. ₦4,680
- D. ₦4,212Correct
Explanation
Cash discount at 5% (within 60 days) on the balance after trade discount: 5% × ₦84,240 = ₦4,212.
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