Bed Enterprise is engaged in the business of selling beds. During the current year 2019,...
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Accounting
Bed Enterprise is engaged in the business of selling beds. During the current year 2019, the total purchases recorded amounted to P1,500,000 on account 3/10, n/30. All purchase return and allowance was made within 7 days of purchase and prior to any payment of account.
Particulars Amount Purchase of beds - 1,500,000
Purchase return and allowance - 150,000
Purchase discount lost - 12,150
How much is the purchase discount taken during the year 2019?
A. P 12,150. B. P 28,350. C.P 30,000. D. P 40,500.
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