Question

Mn. Z has a branch in kolkata. He invoices goods to the branch at

Selling brice which is cost plus 33/3%. Following particulars extracted from the books of Mr.z. (ale figures are in E)

Stock on 01/01/2019 (invoice Price) 15,000 Discount allowed

Debtons on 01/01/2019

11,400 Bad debt written-off

Goods Sent to branch at invoice Price 67,000 Cheque sent to branch?

Cash Sales Credit Sales

31,000

Salaries

37A00 Sundry expenses

are

300

250

5,000

1.700

Cash received from debtoros 40,000 Stock on 31/12/19 (mwice Price)13,400​

Answer 1

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