Sold goods costing 1,20,000 to Charu at a profit of 33*1÷3% on cost less
15% Trade Discount
Answers
Answered by
22
Answer:
charu a/c Dr 1,60,000
to sales a/c 1,60,000
Explanation:
profit = 1,20,000 × 33.33333% = 40,000
Answered by
0
Answer:
Cost = 1,20,000
Add: Profit on 33 1/3 = 40,000
Invoice Price = 1,60,000
Less: Trade discount 15@ = 24,000
= 1,36,000
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