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Thursday, 02 April 2026
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Use the following information to answer the given question: \(\begin{array}{c|c} ...

Use the following information to answer the given question:
\(\begin{array}{c|c} \text{Date of delivery} & customer & \text{Gross amount N} & \text{Trade discount %} & \text{Cash Discount %} & \text{Terms of payment} \\ \hline \text{4/1/86} & \text{Mr. A.F.P} & 12,000 & 15 & 10 & \text{30 days of delivery}
\end{array}\)
The amount of discount in the ledger is
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  • A N10,200
  • B N2,820
  • C N1,800
  • D N1,200
  • E N1,020
Correct Answer: Option B
Explanation:

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