Question

jairnal entry of Sold goods costing ₹ 12000 to bansal bros., isued invoice at 20% above cost less 10% trade discount.​

Answer 1

Answer:

mr x a/c 13500

Explanation:

12000*125%=15000

15000*90%=13500

HOPE IT IS HELPFUL FOR YOU

Answer 2

Answer:

Bansal Bros. A/C Dr 12,960

To Sales A/C

(Being goods sold to Bansal Bros at an invoice price of 20% above cost less 10% trade discount)

Explanation:

Value of sales = Cost Price +Profit -Trade Discount

₹12,000 + ( 12,000*20 /100) = 14,400

Less: Trade discount 10% = 14,400 *10/100 = 1440

= 14,400- 1440 = ₹12960