Question

5 January purchase goods from Henry for 50000 on 10% trade discount and 4% cash discount and paid 60% amount by cheques

Answer 1

Answer:

purchase done for 50,000 out of which we got trade discount.C.D received 4%=2,000.after deduction trade discount first & then second C.D. we get amount 43,000 .now, 60% of 43,000, paid in cheque which is=25,800.17,200 still in credit

Explanation:

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