Cash sales to Aminah

Paid wages by cheque.

Issue an invoice to Isa for goods sold.

Sold goods on credit to Sun Shine Trading

Sent invoice to Aliman.

Which of the following is not a Book of Prime Entry?

Cashbook is used to record all cash and bank transactions

A credit customer returned some damaged goods to the business.

A receipt is used as a source document for

Sales Return Journal is used to record

When a credit customer pays a cheque to settle her account, record in

A cheque counterfoil is the source document for

X sends back $800 of faulty goods to Y in

which book of prime entry would Y record this

transaction?

An article is subject to a 20% trade discount. Its list

price is $600. What is the sale price?

A retailer purchases goods worth $3 000. He receives

30 per cent trade discount and 5 per cent cash

discount. How much should he pay for the goods?

A trader received an invoice for $4 000 less 25%

trade discount. Subsequently he returned one-eighth

of the value of the goods. What amount would be

entered in his Returns Outwards Account?

A Supplier offers the following discounts. Trade

discount 12.5% off list and cash discounts of 3%.

What is the lowest amount that will be paid for

goods with a list price of $1 600?

Bookkeeper discovers that an amount paid to a

supplier has been wrongly entered in another

supplier’s account. What book of original entry will

the bookkeeper use when correcting this error?

On January 12, 1994, a merchant purchased goods

amounting to $120 on the following terms: 5% cash

discount if paid within 30 days. He settled his debt

on February 28, 1994. How much did he pay?