Question

Discount 11. Purchased goods from Daga Traders at a list price of Rs. 6,000 at 10% T.D. and 2% C.D. Cash payment is made of half the amount. What will be the entry passed for this transaction in the Journal of 'Arun' ? [Ans. Cash discount received Rs. 54, Net amount payable Rs. 2,646, Daga Trader is creditor with Rs. 2,700.] Sold goods to Mohon Drog 12. 1​

Answer 1

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