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Sep/Dec 2015 Q#3(a)

This topic has 3 replies, 2 voices, and was last updated 7 years ago by John Moffat.

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November 1, 2017 at 5:54 pm #414062
Ema
Member
- Topics: 73
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Sir,
I am unable to get from where did the examiner got 1.2 in credit sales income after introducing discount.
Thanks
November 2, 2017 at 7:19 am #414098
John Moffat
Keymaster
- Topics: 57
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The question says (in the last sentence of the first paragraph) that is the match the discount then sales will increase by 20%.
Multiplying by 1.2 is the same as adding 20% to the figure.
November 2, 2017 at 7:28 am #414104
Ema
Member
- Topics: 73
- Replies: 107
Sir,
Can this question also be done in a way that we just initiate it from current trade receivables and then the revised trade Receivables as it has been done in previous past papers!
Thanks
November 2, 2017 at 7:32 am #414106
John Moffat
Keymaster
- Topics: 57
- Replies: 54655
Not really, because this is a different situation than in past papers.
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