Question
On June 1, 2020, ABC Corp sold merchandise with a list price of P50,000 to XYZ on account. ABC allowed trade discounts of 30%, 20%,
On June 1, 2020, ABC Corp sold merchandise with a list price of P50,000 to XYZ on account. ABC allowed trade discounts of 30%, 20%, and 10%. Credit terms were 2/15, n/40 and the sale was made FOB destination. XYZ paid P2,000 of delivery costs. On June 12, 2020, how much did ABC receive from XYZ as full payment?
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Comparative International Accounting
Authors: Christopher Nobes, Robert Parker
13th edition
1292081902, 1292081908, 9781292081960 , 1292081961, 978-1292081908
