Question

Bought from raj goods Rs. 200kg at rs. 10 per kg. At a trade discount 1%and 5% cash discount. And paid the amount by cheque.what is the journal?

Answer 1

rate=rs.10 per kg
amount of goods=200kg
total money=200×10=2000
discount=6÷100×2000= rs.120
final amount paid=2000-120=rs.1880

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