7. Sold goods to Ram of list price * 10,000@ 10% trade Discount and 2% Cash discount posting in Discount A/c will be. (a) 1000 (b) 1200 (c) 200 (d) 180
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Answer:
(d) 180
Explanation:
We will post entry of cash discount only in discount A/C.
10000×10/100=1000
10000-1000=9000
9000×2/100=180
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