Question

good solds to suresh of list price of rupees 2,000 trade discount@ 10 % and cash discount@5% .he paid the amount on the same day and availed the cash discount is debited to cash account with what amount​

Answer 1

List price = 2,000

Less TD = (200)

1,800

Cash discount= 5% of 1800

= 90 rs

Cash discount to be debited to cash account = 90rs

ANSWER = 90Rs