Question

Goods purchased from hari 30,000 trade discount 10%, cash discount 5% whole payment in cash​

Answer 1

Answer:

The higher the quantity the higher the discount. The customer invoice price is calculated by deducting the trade discount from the list price. A cash discount is based on the invoice price of the goods. The amount paid is the invoice price less the discount.

Answer 2

Answer:

Parchased a/c Dr

To hari a/c

30,000- 10% tread discount =29,000

30,000 - 5%cash discount =29, 500