Question 8
Lampat Merchandise limited of 125 Orange Street, Banjul, a trader in stationery, sold the following items to Abdou Cham of 45 Railway quarters, Basse, on October 30, 2020:
200 Exercise books at D50.00 each;
144 Rulers at D400.00 per dozen;
500 Big notebooks at D100.00;
50 Copies of Mathematics textbooks at D120.00 each.
All items are subject to 10% trade discount and 5% cash discount, if payment is made within 30 days. Prepare an invoice to be sent to Abdou Cham.
Observation
Most candidates who attempted the question did not do well. They do not know how a sample of an invoice looks like. Some of they deducted the 5% cash discount when the question did not say the customer paid within 30 days.
The expected responses to the question include:
