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Cashbook Q sold goods to Raghav for 160000 at 15% trade discount and 5% cash discount received 25000 in cash and cheque?
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Cashbook Q sold goods to Raghav for 160000 at 15% trade discount and 5...
Transaction Details:
- Cashbook Q sold goods to Raghav for 160,000.
- A trade discount of 15% was given.
- A cash discount of 5% was given.
- Q received 25,000 in cash and a cheque.
Calculating Trade Discount:
- Trade discount is given to encourage bulk purchases or to create customer loyalty.
- The trade discount is calculated as a percentage of the selling price.
- In this case, the selling price is 160,000.
- The trade discount is 15% of 160,000, which is 24,000.
- So, the trade discount is 24,000.
Calculating Cash Discount:
- Cash discount is given to encourage prompt payment.
- The cash discount is calculated as a percentage of the remaining amount after deducting the trade discount.
- After deducting the trade discount of 24,000, the remaining amount is 160,000 - 24,000 = 136,000.
- The cash discount is 5% of 136,000, which is 6,800.
- So, the cash discount is 6,800.
Calculating Total Amount Received:
- The total amount received is the sum of the cash received and the cheque received.
- In this case, 25,000 was received in cash and the cheque amount is not mentioned.
- Let's assume the cheque amount is x.
- So, the total amount received is 25,000 + x.
Calculating Cheque Amount:
- The cheque amount can be calculated by subtracting the cash discount from the remaining amount after deducting the trade discount.
- After deducting the trade discount of 24,000, the remaining amount is 160,000 - 24,000 = 136,000.
- The cash discount is 5% of 136,000, which is 6,800.
- So, the cheque amount is 136,000 - 6,800 = 129,200.
Summary:
- Cashbook Q sold goods to Raghav for 160,000 with a trade discount of 15% and a cash discount of 5%.
- The trade discount was 24,000 and the cash discount was 6,800.
- Q received 25,000 in cash and a cheque of 129,200.
- The total amount received was 25,000 + 129,200 = 154,200.
- Cashbook Q sold goods to Raghav for 160,000.
- A trade discount of 15% was given.
- A cash discount of 5% was given.
- Q received 25,000 in cash and a cheque.
Calculating Trade Discount:
- Trade discount is given to encourage bulk purchases or to create customer loyalty.
- The trade discount is calculated as a percentage of the selling price.
- In this case, the selling price is 160,000.
- The trade discount is 15% of 160,000, which is 24,000.
- So, the trade discount is 24,000.
Calculating Cash Discount:
- Cash discount is given to encourage prompt payment.
- The cash discount is calculated as a percentage of the remaining amount after deducting the trade discount.
- After deducting the trade discount of 24,000, the remaining amount is 160,000 - 24,000 = 136,000.
- The cash discount is 5% of 136,000, which is 6,800.
- So, the cash discount is 6,800.
Calculating Total Amount Received:
- The total amount received is the sum of the cash received and the cheque received.
- In this case, 25,000 was received in cash and the cheque amount is not mentioned.
- Let's assume the cheque amount is x.
- So, the total amount received is 25,000 + x.
Calculating Cheque Amount:
- The cheque amount can be calculated by subtracting the cash discount from the remaining amount after deducting the trade discount.
- After deducting the trade discount of 24,000, the remaining amount is 160,000 - 24,000 = 136,000.
- The cash discount is 5% of 136,000, which is 6,800.
- So, the cheque amount is 136,000 - 6,800 = 129,200.
Summary:
- Cashbook Q sold goods to Raghav for 160,000 with a trade discount of 15% and a cash discount of 5%.
- The trade discount was 24,000 and the cash discount was 6,800.
- Q received 25,000 in cash and a cheque of 129,200.
- The total amount received was 25,000 + 129,200 = 154,200.
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Cashbook Q sold goods to Raghav for 160000 at 15% trade discount and 5% cash discount received 25000 in cash and cheque?
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Cashbook Q sold goods to Raghav for 160000 at 15% trade discount and 5% cash discount received 25000 in cash and cheque? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Cashbook Q sold goods to Raghav for 160000 at 15% trade discount and 5% cash discount received 25000 in cash and cheque? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Cashbook Q sold goods to Raghav for 160000 at 15% trade discount and 5% cash discount received 25000 in cash and cheque?.
Cashbook Q sold goods to Raghav for 160000 at 15% trade discount and 5% cash discount received 25000 in cash and cheque? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Cashbook Q sold goods to Raghav for 160000 at 15% trade discount and 5% cash discount received 25000 in cash and cheque? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Cashbook Q sold goods to Raghav for 160000 at 15% trade discount and 5% cash discount received 25000 in cash and cheque?.
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