Goods costing 20,000 sold to Manoj at a profit of 20% on cost less 10% trade
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Answered by
20
Answer:
Explanation:
Manoj a/c Dr. 21600
To sales a/c 21600
20000+ 20000×20/100=24000
24000-24000×10/100=21600
As 20 percent is profit on cost
Then less 10 percent trade discount on 24000 and trade discount is not shown in the books
Answered by
0
cash receive at the time of sale is 10800
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