Xix) Sold goods to Mr. A for Rs. 300000 less Trade discount@ 10%, Plus

1.	Xix) Sold goods to Mr. A for Rs. 300000 less Trade discount@ 10%, Plus CGST and SGST @ 9% each. Received30% payment by cheque immediately and allowed 2%cash discount. The ammount of Cash Discount allowedwill be-A) Rs. 1620(B) Rs. 600C) Rs. 5400(D) None of these
Answer» ANSWER: None of these Explanation: SALE price = 3 LAC less TRADE discount (30,000) = 2,70,000 CGST & SGST = 9% x 2,70,000 = 24,300 each Total money due from customer = 2,70,000 + 24,300 + 24,300 = 3,18,600 Paid by cheque = 30% of 3,18,600 = 95,580. Balance = 2,23,020. Cash discount on balance amount = 2% of 2,23,020 = 4,460.40

Xix) Sold goods to Mr. A for Rs. 300000 less Trade discount@ 10%, Plus CGST and SGST @ 9% each. Received30% payment by cheque immediately and allowed 2%cash discount. The ammount of Cash Discount allowedwill be-A) Rs. 1620(B) Rs. 600C) Rs. 5400(D) None of these

Answer»

ANSWER:

None of these

Explanation:

SALE price = 3 LAC less TRADE discount (30,000) = 2,70,000

CGST & SGST = 9% x 2,70,000 = 24,300 each

Total money due from customer = 2,70,000 + 24,300 + 24,300 = 3,18,600

Paid by cheque = 30% of 3,18,600 = 95,580. Balance = 2,23,020.

Cash discount on balance amount = 2% of 2,23,020 = 4,460.40

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Xix) Sold goods to Mr. A for Rs. 300000 less Trade discount@ 10%, Plus CGST and SGST @ 9% each. Received30% payment by cheque immediately and allowed 2%cash discount. The ammount of Cash Discount allowedwill be-A) Rs. 1620(B) Rs. 600C) Rs. 5400(D) None of these​

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Xix) Sold goods to Mr. A for Rs. 300000 less Trade discount@ 10%, Plus CGST and SGST @ 9% each. Received30% payment by cheque immediately and allowed 2%cash discount. The ammount of Cash Discount allowedwill be-A) Rs. 1620(B) Rs. 600C) Rs. 5400(D) None of these