Accountancy, asked by Ericksimasiku704, 6 months ago

Muzuba traders ordered the following good of 20 cases of Mazoe at k 150.00 per case 50 bales of softer tissue at k 50.00 per bale. they are given 10% trade discount and a further 5% cash discount if they pay within 7 day calculate the amount of cash discount they were offered

Answers

Answered by moogalaSrivardhan
0

Answer:

Due Dates of Bills :

⇒ 1st March 2012 + 2 months + 3 days = 4th May 2012

⇒ 10th March 2012 + 3 Months + 3 days = 13th June 2012

⇒ 5th April 2012 + 2 Months + 3 days = 8th June 2012

⇒ 20th April + 1 Month + 3 days = 23rd May 2012

⇒ 10th May 2012 + 2 Months + 3 days = 13th July 2012.

⇒ Here, we are taking 4th May 2012 as base date.

DueDate Amount No.ofdaysfrom

4thMay2012 Product

4th May 2012 400 0 0

13th June 2012 300 40 12000

8th June 2012 200 35 7000

23rd May 2012 375 19 7125

13th July 2012 500 70 35000

Total 1775 61125

⇒ AverageDueDate=BaseDate+

TotalAmount

TotalofProducts

⇒ AverageDueDate=4thMay2012+

1775

61125

⇒ AverageDueDate=4thMay2012+34days

∴ AverageDueDate=June07,2012

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