QUESTIONS ON PREVIOUSLY TREATED TOPICS
Hey Everyone, Happy New Week. We
are on a Series and our aim is to treat National Exam Questions on the Topics
we have treated here, in other to further be perfect if possible in those topics. So Let's Go!!!
QUESTION:
Koffi is a dealer in general
merchandise. The following are his transactions for the month of June 2002.
June 1: Sold goods to Mensah N20,
000 less 10% Trade Discount.
June 4: Purchased from Kwesi the
following:
200 Iron rods at N20 each
100 Fillers at N30 each
Invoice subject to 10% Trade
Discount.
June 6: Purchased from Asante Ltd,
10 bottles of gin at N30 each.
June 7: Returned 60 Iron rods
purchased on 4th June, to Kwesi.
June 9: Sold the following to Kojo:
300 Bags of Cement at N15 each,
less 15% Trade Discount
150 Tins of Target at N10 per tin.
June 18: Kojo returned 10bags of
cement bought on the 9th of June.
June 20: Sold to Jones: 80 Iron
rods at N50 each, 10Bags of Cement at N16 each, 250 Fillers at N35
