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1 An invoice of RM60,000 dated 23 February 2021 was offered 11% trade discount and cash discount terms of 4/10, n/30. Find (a) the trade
1 An invoice of RM60,000 dated 23 February 2021 was offered 11% trade discount and cash discount terms of 4/10, n/30. Find (a) the trade discount offered, (b) the cash discount offered, (2 marks) (CLO2:PLO2:C2)(CLO2:PLO2:C2) (3 marks) (CLO2:PLO2:C2)(CLO2:PLO2:C2) (c) the net payment if the invoice was paid on 4 March 2020, (4 marks) (CLO2:PLO2:C3)(CLO2:PLO7:C3) (d) the outstanding balance if RM 25,000 was paid on 4 March 2021. (4 marks) (CLO2:PLO2:C3)(CLO2:PLO7:C3)
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