xix) Sold goods to Mr. A for Rs. 300000 less Trade discount
@ 10%, Plus CGST and SGST @ 9% each. Received
30% payment by cheque immediately and allowed 2%
cash discount. The ammount of Cash Discount allowed
will be-
A) Rs. 1620
(B) Rs. 600
C) Rs. 5400
(D) None of these
Answers
Answered by
1
Answer:
None of these
Explanation:
Sale price = 3 lac less Trade discount (30,000) = 2,70,000
CGST & SGST = 9% x 2,70,000 = 24,300 each
Total money due from customer = 2,70,000 + 24,300 + 24,300 = 3,18,600
Paid by cheque = 30% of 3,18,600 = 95,580. Balance = 2,23,020.
Cash discount on balance amount = 2% of 2,23,020 = 4,460.40
Similar questions