Question

Anil purchased, 1,000 Add Gell Roller Pens @ 50 each less 20% Trade discount and 3% cash discount if payment is made within 30 days. Anil paid 10,000 with in 30 days and balance amount after 30 days period. Purchase account will be debited and discount received account will be credited respectively with
a. 40,000, NIL
b. 40,000, 300
c. 40,000, 1200
d. 40,000, 900​

Answer 1

Explanation:

please mark as brain list

Answer 2

Answer: "A" . 40,000, NIL

Anil purchased, 1,000 Add Gel Roller Pens @ 50 each less 20% Trade discount and 3% cash discount if payment is made within 30 days. Anil paid 10,000 with in 30 days and balance amount after 30 days period. Purchase account will be debited and discount received account will be credited respectively with  40,000, NIL