sold goods costing 150000 to asha at a profit of 20% on sale less 10% trade discount paid cartage of 1250 to be charged from ashoka
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Answer:
Cost price=1,50,000
Profit = cost price x profite rate
=1,50,000×20%
=1,50,000x20/100
=30,000
List price = cost price+profit
=1,50,000+30,000
=1,80,000
Trade discount= 1,80,000×10%
=1,80,000×10/100
= 18,000
Actual Sales Price-30,000-18,000
=12,000
Asha a/c dr. 12,000
To sales a/c cr. 12,000
Cartage a/c dr. 1250
To cash a/c cr. 1250
hope it will help you
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