[drishtipoudel]

Manat made a purchase of goods which had a list price of $6,000, on which a trade discount ten per cent was allowed. The seller also offered Manat a ten per cent settlement discount if payment was received within ten days of the invoice date, and expected Manat to take advantage of this offer.

At what cost should this purchase initially be recorded in Manat’s accounting records?

A

$4,800

B $4,860

C

$5,400

D $6,000

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