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Books of prime entry AS Level 1.2

Total questions: 2

Worksheet time: 60secs

Name
Class
Date
1.

Goods sold at cash discount of 2%. She allowed 10% trade discount. She allowed 5% cash discount. What amount should be entered in the cash book?

a)

$931.00

b)

$744.80

c)

$764.80

2.

Silver priced use invoice from Jaya for $2000 less 10% trade discount. Bhanu has forgotten to enter this invoice in the purchases account. What amount should be entered in the purchases account?

a)

Debit 1800,underadded1800, underadded 1800

b)

Credit 2000,underadded2000, underadded 2000

c)

Debit 1800,underadded1800, underadded 2000