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Whole seller sold 55 items to retailer at a price of 200 each less 20% trade discount the retailer substrates return 12 of these items as a result of the retailer should be sent a Credit note of for how much amount?? plz answer soon |
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Answer» credit NOTE amount =RS.1920 /-Explanation:Trade DISCOUNT is not shown in the books of accounts. It is shown in the narration. goods SOLD is recognized @ value 55*200*20% = 880012 items returned to seller credit note amt = 12*200*20% = 1920DEBTOR BALANCE : 8800 - 1920 = 6880. |
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