Given a purchases invoice showing five items of Taka 80 each, less trade discount of 25 percent and cash discount of 5 percent, if paid within the credit period, your cheque would be made out for :

Given a purchases invoice showing five items of Taka 80 each, less trade discount of 25 percent and cash discount of 5 percent, if paid within the credit period, your cheque would be made out for : Correct Answer Taka 280

Total cost of purchase = Tk. 80*5 = Tk. 400( including discount) After discount, Actual purchase = TK. 400 - (Tk. 400*25%) = Tk. 300 Actual payment, if the buyer pay within the credit time is = Tk. 300 - (300*5%) = Tk. 285  
Bissoy MCQ

Related Questions

Which of the following is/are false about Dishonour of Cheque?
1. Section 138 defines Dishonour of cheque in terms of issues such as insufficiency of funds in the account.
2. Such cheque has been presented to the bank within a period of twelve months from the date on which it is drawn or within the period of its validity, whichever is earlier.
3. Imprisonment for such offence may be extended for period of five year.
4. Section 138 apply unless - the drawer of such cheque fails to make the payment of the said amount of money to the payee or, as the case may be, to the holder in due course of the cheque, within fifteen days of the receipt of the said notice.
Given figures showing : Sales Taka 8,200, Opening inventory Taka 1,300, Closing inventory Taka 900, Purchases Taka 6+,400, Carriage inwards Taka 200, the cost of goods sold figure is :
At a photocopy center , the first 10 copies cost x taka each. Each of the next 50 copies costs 2 taka less per copy . From the 61 st copy on, the cost 1 Taka per copy, In terms of x how much does it cost in. Taka to have 200 copies made/
Ratan and Moinul have started a business investing taka 2.5 million and 3.5 million respectively. After 4 months Ratan gave in 5 lakh taka more while Moinul withdrew 5 lakh taka. If the year ending profit is 12.92 million taka what will be the profit share of Moinul in million taka?
Arafat and Asif were each paid X taka in advance to do a certain job together. Arafat worked on he job for 10 hours and Asif worked 2 hours less than Arafat. If Asif gave Arafat Y taka of his payment so that they would have received the same hourly wage, what was the amount in taka, in terms of Y, that Arafat was paid in advance?
During investigation by a police officer under directions of the Magistrate on complaint of 'A' alleging criminal misappropriation of his diamond ring by 'B', 'A' produces an invoice evidencing his title to the property. The invoice is found during investigation to be fabricated. On closure report, the Magistrate took cognizance and summoned 'A' to face trial on the charge of fabricating false evidence. The contentions of 'A' are:
1. The document (invoice) was not given in a judicial proceeding.
2. The police officer has not made a complaint.
Which of the following statements are true in context of a cheque?
1. Cheque is a special kind of Bill of Exchange.
2. Cheque is always payable on demand.
3. Validity of Cheque is 6 months.
4. Cheque doesn't require any stamping.
The exchange rate is the ruling official rate of exchange of Taka for other currencies. It determines the value of Bangladeshi goods in relation to foreign foods. If the Taka is devalued in terms other currencies Bangladeshi exports (which are paid for in Taka ) become cheaper to foreigners and Bangladeshi imports become more expensive to holders of Taka. What conclusion can be drawn form the information above?
Which of the following are examples of cash flow from operating activities as per AS-7?
1. Cash receipts from the sale of goods and the rendering of services.
2. Cash receipts from disposal of intangible assets.
3. Cash receipts from royalties, fees, commissions and other revenue.
4. Cash payments to suppliers for goods and services.
5. Cash proceeds from issuing shares or other similar instruments.
6. Cash payments to and on behalf of employees.
Select the correct answer:
The price of each mango is 65 taka and the price of each guava is 45 taka. Aslam buys total to mangoes and guavas at an average price of 56 taka. How many mangoes must Aslam put back and replace with guavas so that the average price of the pieces of fruit that he keeps is 52 taka?