Question

Please provide sc sharma class11 accountancy solutions

Answer 1

Take the following translations of Mohan as an example.

Buy goods from Amit of ₹20,000 with 15 percentages of trade discount.

After that, the goods sold to Gopal at ₹12000 with ten percentages of discounts. The goods returned to Amit of ₹4000.

Then, Gopal returned goods of ₹3000. The paid amount to Amit is ₹13000 and grabbed discount ₹600.

The received amount of ₹8000 from gopal in the complete settlement of the account is ₹55,600.