Question

M/S bright & co. , with its head office on madras , invoiced goods to its branch at bombay at 20% less than the catalogue price which is cost plus 50% , with instructions that cash sales were to be made at invoice price and credit sales at catalogue price . Discount on credit sale at 15% on prompt will be allowed .
Stock 1-4-2005 12,000
Goods received from head office ( Invoice price ) 1, 32,000
Debtors on 1-4-2005 10,000
Sales ( cash) 46,000
Sales ( credit ) 1,00,000
Cash realized from debtors 85, 635
Discount allowed to debtors 13, 365
Debtors on 31-3-2006 11,000
From the following particulars available from the branch , prepare Debtors Account and ascertained the value of provision should be made for discount to be allowed to debtors as on 31- 3 2006.

Answer 1

Answer:

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Explanation:

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Answer 2

Answer: sir plz could u tell me from which sub-topic is this from