Question

good costing 8000 was sold to mohan at a profit of 20% on sales price less trade discount of 10 % sale a/c will be credited by

Answer 1

mohan A/c dr 8640 -

to sale A/c - 8640

(being good sold )

Explanation:

good cost 8000

profit of 20 % Td 10%

8000×20÷100 =1600

1600 is the profit on sale of cost good is 8000

8000+1600=9600

Td 10% on sale

9600×10÷100= 960

9600- 960=8640

so the sale of good is 8640