(a) Sold goods to Mukesh Rs. 100000 at 10% trade discount and 2% cash discount Mukesh paid half amount on the same day. (b) Purchased goods from Mohan Rs. 50000 at 10% trade discount and 2% cash Discount. Paid 60% of amount on the same day by cheque.
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It simply means a discount which is given to all and this discount should not be recorded in the books
Sales amount=50000
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