O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2019 · Q51 Mark

On 1 May Waheed issued an invoice for a credit sale of ten chairs to Yasser at a list price of $40 each. Trade discount of 10% was deducted. Yasser returned five chairs to Waheed on 15 May. What was the value of the invoice issued to Yasser?

A$180

B$200

C$360

D$400

✓ Correct answer

C: $360

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Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2019 Paper 1 Variant 2, question 5.

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