Question

)
Goods costing 1,00,000 were sold at a profit of 20% at a trade discount of 10% and cash
discount of 4,000. By what amount will cash A/C be debited ?
(2 marks)
104000
94,000
84.000
108000​

Answer 1

Answer:

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Explanation:

true

Answer 2

Answer:

Cash A/c.........Dr.            104000

Discount Allowed Dr.     4000

To, Sales A/c                                               108000    

Explanation:

Sale Price = Cost + Profit 20%

                 = 100000 + 20% of 100000

                = 120000

Trade Discount = 10%

= 120000 - 12000 = 108000

Cash Discount = 4000

Final Cash A/c = 108000 - 4000

                        = 104000

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