For the following sales transactions calculate the following: (i) Sales invoice totals with VAT at 17.5% (ii)
Question:
For the following sales transactions calculate the following:
(i) Sales invoice totals with VAT at 17.5%
(ii) Amount due if the cash discount is taken.
(a) Sales of £1,500 with a cash discount of 5%
(b) Sales of £1,000 with a trade discount of 20% and a cash discount of 2.5%
(c) Sales of £2,000 with a trade discount of 10% and a cash discount of 1.25%
(d) Sales of £640 with a trade discount of 25% and a cash discount of 3%
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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