Question

Discount, Trade Discount and Cash Discount

Enter the following transactions in the journal :

(a) Bought goods from Dinesh for 3,000 at 10% trade discount and 2% cash discount and paid 50% cash
immediately.
(b) Goods sold for 8,000 at 10% trade discount and 3% cash discount for cash.
(c) Sold goods costing * 6,000 to Ashok & Co. issued invoice 20% above cost and allowed 10% trade discount.​

Answer 1

Explanation:

sorry I can't give answer to c