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JAMB Accounts Principles of Accounts 2014 Paper

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Question : 9

Total: 49

Given:

If Emeka Enterprises settles its suppliers for goods purchased within 7 days, it can earn a cash discount of 12 and half percent. Assuming #22,800 worth of goods were purchased and settled within 5 days, what will be the amount to be credited in the cash column of the company's cash book?

#25,650
#22,800
#19,950
#18,240

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