Question

bought goods from Ajay of 30000 less trade discount 10%​

Answer 1

Answer:

purchases a/c Dr. 27000

To Ajay a/c Cr. 27000

( Being goods bought with 10% trade discount)

Explanation:

A trade discount is the reduction in price a manufacturer or wholesaler gives a wholesaler or retail when they buy a product or group of products. In other words, a trade discount is a certain percentage a manufacturer is willing to reduce its list price for wholesalers or retailers.

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