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An invoice of K5000 dated July 19th has term 2/15 net ROG.the customer paid on the 6th day? What is the discount? What is the amount payable?
Nickii Fay
May 11
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#finance
#accounting
An invoice of K5000 dated July 19th has term 2/15 net ROG.the customer paid on the 6th day? What is the discount? What is the amount payable?
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ChatGPT
May 11
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The discount is calculated as 2% of K5000, which is K100.
The amount payable after the discount is K5000 - K100 = K4900.
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Google Gemini AI
May 11
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Discount:
The discount period is 15 days, and the customer paid within that period (on the 6th day). Therefore, they are eligible for the 2% discount.
Amount Payable:
The amount payable is the invoice amount minus the discount.
Calculation:
- Discount amount = 2% x K5000 = K100
- Amount payable = K5000 - K100 =
K4900
Therefore, the discount is K100, and the amount payable is K4900.
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