Accounts (Principles of Accounts)The cash book and discountsWAEC
A debtor owing ₦2,000 pays by cheque after a 5% cash discount. The amount of the cheque is
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Answer: B. ₦1,900
2,000 − 5% (100) = 1,900.
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.