Question

goods sold to Kiran Delhi rupees 60000 plus cgst and sgst @ 6% and 10% trade discount and 5% cash discount half of the amount received by cheque within specified time​

Answer 1

Explanation:

as you can see . we sale so we get cash, but sale contain gst which we add it. and payment is between specific time . so we give cash discount. first trade discount of 10% at 60,000= 54000+6%of CGST and SGST=54000+3240+3240=60480. Now, we give 5%of cash discount which is 3024. so we subtract 3024 from cost of sale and gst. so, 60480 -- 3024=57356.

now, 50%payment is given .So, we divide 57356 by 2 .we get 28678.........

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