Question
M.s Basim & Co, Al Khuwair, makes purchase from a shop selling items at the following prices: 1. Coffee seeds at $40 per kg, 2.
M.s Basim & Co, Al Khuwair, makes purchase from a shop selling items at the following prices:
1. Coffee seeds at $40 per kg,
2. Tea Dust at $20 per Kg,
3. Candy Sugar at $8 per kg,
4. Flavored Milk Powder at $200 per packet.
5. Cocoa Powder at $ 400 per tin
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]
March1st Bought items from Ms. Ahlam, Ruwi: 22 kgs of Coffee Seeds, 4 tins of Cocoa Powder. Less 25% trade discount.
Gross Amount: ?
Trade Discount: ?
Net Amount: ?
March 5th Purchased items from M/s Safiya & Co, Al Seeb: 50 kgs of Candy Sugar, 8 Packets of Flavored Milk Powder, Less 20 % t trade discount.
Gross Amount: ?
Trade Discount: ?
Net Amount: ?
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