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This is a Sales, Business Documents and Bookkeeping Question - Junior Cycle Business Studies - Question 2 - 2012
Question 2
This is a Sales, Business Documents and Bookkeeping Question. Answer all parts of this question: (A) (i) Name three business documents used by businesses, when pu... show full transcript
Worked Solution & Example Answer:This is a Sales, Business Documents and Bookkeeping Question - Junior Cycle Business Studies - Question 2 - 2012
Step 1
Step 2
Calculate the total income to be made from the goods that were sold. (Show your workings.)
Answer
Total cost of goods = €30,000
Damaged goods = 10% of €30,000 = €3,000
Value of goods sold = €30,000 - €3,000 = €27,000
Mark-up on goods sold = €15,000
Total income = Selling Price = Cost of goods sold + Mark-up
Total income = €27,000 + €15,000 = €42,000
Step 3
Complete the Delivery Docket on the sheet supplied with this paper.
Answer
MCFOOTWEAR Ltd
West Park, Co. Galway
DELIVERY DOCKET No. 47
Telephone: 091 485152
VAT Reg. No. IE 2357631
To: HEELS Ltd
Date: 16/05/2012
Mullingar
Your Order No: 31
QUANTITY
25 Ladies Wellingtons
30 High Heels
Received the above goods in good condition
Signed: ___________
Purchasing Manager
Step 4
Step 5
Complete the blank Credit Note No. 11 on the sheet supplied with this paper.
Answer
MCFOOTWEAR Ltd
West Park, Co. Galway
CREDIT NOTE No. 11
Telephone: 091 485152
VAT Reg. No. IE 2357631
To: HEELS Ltd
Mullingar
Date: 23/5/2012
Your Order No: 31
QUANTITY
5 Ladies Wellingtons
Reason: men’s wellingtons instead of ladies
Total (Excluding VAT) €250
Trade Discount €50
Subtotal €200
VAT (23%) €46
Total (Including VAT) €246
Step 6