Accountancy, asked by ketangoyal7245, 10 months ago

Show the journal of " supplied goods costing rupees 16,000 to Mr. X at invoice price of 20% on sale price less 5% trade discount "

Answers

Answered by manoharsetty
0

Answer:

X a/c dr 19,000

to sales a/c 19,000

Explanation:

cost price 16,000

add profit. 4,000

total. 20,000

less Trade discount 1,000

sales 19,000

profit = 16,000×20/80=4,000

trade discount = 20,000×5/10=1,000

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