Golden Furniture in Muscat follows periodic inventory method. The business Purchased Merchandise 100 study table at a cost of OMR 70 each under the terms of 3/EOM n/60 on 1st March 2019. Golden Furniture discovers that 40 study table are office table. Therefore the business returns to the supplier for a full refund on 12th March 2019. Which of the following statement is True in the books of Golden Furniture on 12th March 2019?
The business should raise a credit note for the return of goods OMR 2,800
The business may deduct 3% discount if the invoice is paid before 12th March 2019
The business should receive a purchase invoice OMR 2,800
The business should raise a debit note for the return of goods OMR 2,800