Question 10 Discount allowed taken on goods sold is recorded in Not yet answered Marked out of 1.00 General journal Cash book Purchases journal. Petty Cash Book P Flag question A correct amount is entered but in the wrong person's account is an: Question 11 Not yet answered Marked out of 1.00 Flag question Error of Principle Error of Commission Error of Omission Transposition Error Question 12 Bashir pays us his account by cheque $88, deducting $2 cash discount. The amount of $2 transaction will be entered in Cash Book as Not yet answered Marked out of 1.00 Flag question Discount on credit side Payment in Bank Column Receipt in Bank Column Discount on debit side Question 13 Not yet During the year, TRC Corporation has the following inventory transactions. answered Marked out of 2.00 Date Transaction Number of Units Unit Cost Unit Selling price Flag question Pan. 1 Beginning inventory 160 $52 Apr 7 Purchase 240 $54 Jul. 16 Purchase 210 $57 Aug 1 Sales 450 $70 each What is value of Ending Inventory using AVCO? $3,120 $3,300 $3,420 $3,240 What is the total Sales Revenue? Question 13 Not yet answered During the year, TRC Corporation has the following inventory transactions. Marked out of 2.00 Date Transaction Number of Units Unit Cost Flag question Unit Selling price Jan. 1 Beginning inventory 60 $52 Apr 7 Purchase 240 $54 Jul. 16 Purchase 210 $57 Aug 1 Sales 450 $70 each What is value of Ending Inventory using AVCO? + What is the total Sales Revenue? $24,750 $4,200 $31,500 $25.650