Question
2/. Q66 Modern Confectionaries, Al Khuwair is selling the following items at the following prices: a) Cream Rolls $10 per roll, b) Cream Pastry Sheets
2/. Q66
Modern Confectionaries, Al Khuwair is selling the following items at the following prices:
a) Cream Rolls $10 per roll,
b) Cream Pastry Sheets at $4 per sheet,
c) Muffins at $2 per box
d) Mixed Cookies at $20 per carton.
They make the following sales during the month of November 2019
2019
Nov 1 To Fawaz, Muladha: 3 rolls Cream Rolls, 1 carton Mixed Cookies. Less 25% trade discount.
1\ Gross Amount:
a\ $32
b\ $50
c\ $14
d\ $20
2\ Trade Discount:
a\ $8.00
b\ $12.5
c\ $3.50
d\ $5.00
3\ Net Amount:
a\ $37.50
b\ $10.50
c\ $15.00
d\ $24.00
Ii\. Nov 4 To Hosni Sweets, Thermad: 6 rolls Cream Rolls, 30 sheets Cream Pastry Sheets. Less 20% trade discount.
1\ Gross Amount:
a\ $144
b\ $120
c\ $180
d\ $60
2\ Trade Discount:
a\ $24.00
b\ $12.00
c\ $28.80
d\ $36.00
3\ Net Amount:
a\ $48.00
b\ $144.00
c\ $115.20
d\ $96.00
Required:
Calculate the amounts to be recorded in Sales Day Book in respect of the following sales made during the month of November 2019 [ 3 MARKS]
Choose the correct answer, give me the question number and the answer code.
I hope that you will help me and solve all the questions.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started