kindly solve it in your notebook with working notes
Jan.25
sold goods to garima for Rs. 1,00,000
allowed her 20%Trade discount and 5% Cash discount If the payment is made within 15 days. she paid 1/4th amount by cheque on Feb. 5 and 60% of the remainder on Feb. 15th in cash.
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Answer:
Explanation:
20 % TD = 20000
Balance 80000
1000 CD on 80000 since 1/4 payment done within 15 days
Garima a.c ...... dr 80000
To cash disc a/c 1000
To cash A/c 79000
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