Δ N cure payment 7/16 $420

Question

Question

Answer 1

Answer #1

Amount paid within discount period (which is net of discount)		420
Cash discount availed		3%
Total amount to be credited-Gross		432.99
	(420 /97 *100)

Total Invoice price		620
Balance due (620-432.99)		187.01

Answer:
Amount of payment to be credited		432.99
Balance Outstanding		187.01

Answer 2

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