Question

13. Enter the following transactions in the Journal of Shyam- Purchased goods at list price of Rs. 50,000 from Mohan for cash at trade discount 10% and cash discount 5% (Ans. Cash discount Rs. 2,250.] ​

Answer 1

Answer:

Explanation:

1.   50000 x 10/100 = 5000   [ Trade Discount ]

2.  50000 - 5000 = 45000

3.   45000 x 5/100 = 2250   [ Cash Discount ]

               Ans = Cash discount 2250