Question

journal entry of Purchased goods from Mohinder for cash of price list of 8,000 on which 15% trade discount and 10% cash discount is available.
​

Answer 1

Answer:

journal entry of Purchased goods from Mohinder for cash of price list of 8,000 on which 15% trade discount and 10% cash discount is available.

Answer 2

Explanation:

Cp = 8k

SP = NOT GIVEN

TOTAL DISCOUNT=25% ON 8000

1%OF 8K

IS 80..WHICH MEANS 25%=25*80=2000..

Now new sp= 8k-2k

=6k

...Formula to Find Sp...= 100+ gain or loss %÷ 100 ×cp