WorksheetsAccounts Group 5 Quiz 11 G October project 2021-22
Total questions: 10
Worksheet time: 8mins
Bought goods from Mr. Datta for 250000, where the total discount allowed is 5%, half of which is trade discount. Which account will be debited and by what amount?
Purchases, 250000
Mr. Datta 237500
Discount allowed 6250
Purchases 237500
A machine of 5000 was sold to Mahesh Furniture house at 10% trade discount. Pass journal entry
Machinery a/c dr.
To sales a/c
Sales a/c
To disc allowed a/c
Mahesh F.H. a/c
To disc allowed a/c
To sales a/c
Mahesh F.H. a/c
To sales a/c
Bought goods worth 20000 from Amita for trade discount 10% and cash discount 5% . Which account will be debited
Purchases and discount received
Purchases and discount allowed
Amita
Purchases
Sold goods worth 60,000 at 10% trade discount and 5% cash discount to Ramu and received 50% by cheque and 10% by cash and the rest was due. Calculate amount paid in cash
5100
5300
900
5000
Sold goods to Aman costing 15,000 for 20,000 at trade discount of 10%. At what price were the good sold and which account is debited
Aman, 18500
Sales, 18000
Aman, 18000
Aman and discount allowed ,20000
Purchased goods from Sanjiv worth ₹40000 at 5% trade discount and 5% cash discount and paid 1/3rd amount by cash and 1/3rd by cheque and the rest is due. What amount is paid by cheque?
120000
12000
36000
16000
Goods sold to Krishna at list price ₹20000 at 10% trade discount and 5% cash discount. FOR WHAT AMOUNT IS Krishna our debtor?
17000
17500
18000
20000
Sold goods of rupees 10000 on 20% trade discount to Ms.Meena. Pass journal entry
Ms.Meena a/c dr.
To discount allowed a/c
Ms.Meena a/c dr.
To Sales a/c
Ms.Meena a/c dr.
To discount received a/c
Bought goods from Mrs .Kotak worth 9000, where the total discount allowed is 10%, where 5% is trade discount. What amount is cash discount
450
4500
900
8100
Sold to M/s Baburao & Co., furniture worth 300000 and agreed to give a discount of 1500 such that 70% of discount allowed is Cash discount. What is the journal entry for the same?
Sales A/c dr.
Disc. allowed a/c dr.
To Furniture a/c
Sales A/c dr.
To disc. allowed a/c
To Baburao & co. a/c
Sales A/c dr.
Disc. allowed a/c dr.
To Baburao A/c
Baburao a/c dr.
Disc.allowed a/c dr.
To Sales a/c
