How much cash is received by the business if the customer paid within the credit terms with the following data: Accounts Receivable-P7,000- and a discount of 3%
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How much cash is received by the business if the customer paid within the credit terms with the following data: Accounts Receivable-P7,000- and a discount of 3%
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Answer:
6790
Explanation:
7000x(1-0.03)
=700x 0.97
=6790