Goods costing 30,000 supplied to Mohan at 25% profit of sales price less Trade Discount 5% will be credited to sales A/c with:
Answers
Answered by
58
profit of sale :
30000×25/100=7500
total cost =30000+7500=37500
trade discount=5℅
37500×5/100=1875
37500-1875=35625
so, sales a/c credited with 35625
MOHAN A/C DR 35625
TO SALES A/C 35625
Answered by
3
Given:
Cost of goods = Rs. 30000
Profit charged = 25%
Trade discount = 5%
To find:
Sales amount.
Solution :
Cost of goods = Rs. 30,000
Profit charged = 25%
PROFIT
SELLING PRICE BEFORE DISCOUNT
DISCOUNT
SELLING PRICE
The sales account would be credited by Rs. 35,625.
Mohan a/c Dr 35,625
To sales a/c Cr 35625
( Being goods sold at 25% profit and 5% sales discount)
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