Issue an invoice to Isa for goods sold.

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?