O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2011 · Q51 Mark

Zoran was given the following discounts by his supplier when he bought goods, list price $4000. trade discount 25% cash discount 5% Which amount would be entered in the discount received column of Zoran's cash book when payment was made?

A$150

B$200

C$1000

D$1200

✓ Correct answer

A: $150

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2011 Paper 1 Variant 2, question 5.

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