On June 1, $800 of goods are sold with credit terms of 1/10, n/30. How much should the seller expect to receive if the buyer pays on June 8?

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Misstatement of inventories or cost of good sold can be detected by:
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Mir Mujtaba Ali
12-March-2015

Accounting Financial Accounting

Question added by abdelaziz allam , محاسب اول , شركة كامبردج مصر للاستثمار التعليمي ش.م.م
Date Posted: 2016/02/11

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1 Answers

Ranjeet Badal Mandal Badal Bhanu Mandal

by Ranjeet Badal Mandal Badal Bhanu Mandal , Accountant , Blue Target Trading LLC

Ans : if the creditor pay withindays,1% can be deducted from the invoice Final Amount

$ *1% =8$

$ -8$ =$

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