A man wants to buy 100 cars, which have a list price of £15,000. He is offered them at a discount of 40% of the list price of the car. Which means that the cost per car is £9000. In the Fixed Assets of the Balance Sheet, is £9000 x 100 cars listed, or £15000 x 100 cars listed, and why?
2006-09-17 02:59:05 · 2 answers · asked by g s 1 in Business & Finance ➔ Investing
They're listed at the price that was paid for the cars, £9000 because that's what the market value was when they were purchased.
If the man sells them for more afterwards, then the profit'll be recorded in a different line afterwards.
2006-09-17 03:25:25 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
If you put £ 15000x100 you have to make sure that you add a cell for the discount. A % cell to put the percentage of discount.
2006-09-17 10:09:08 · answer #2 · answered by Blue Blue Blue 6 · 0⤊ 0⤋