1. Bought goods from Mayank of the list price of Rs 50,000 at20%trade discount. 2.Mayank cleased his account after deducting 5% cash discount. (how many accounts in this question on journal answer question no 2)
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Explanation:
1.Trade discount=50000x20/100
=₹10000
Trade discount=50000-10000
=₹40000
2. Cash Discount=40000x5/100
=₹2000
Cash Discount= 40000-2000
=₹38000
Mayank a/c ---->dr 38000
To cash a/c 38000
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