Question

If goods are sold for cash of the list price of Rs.20,000 at 10% trade discount and 3%cash discount , cash account will be debited with Rs.17,640. true or false ​

Answer 1

Answer:

False

Explanation:

List price. 20,000

less: TD(10%). 2,000

Balance. 18,000

less: CD(3%). 540

Balance. 17,460