Purchase good of 8000 less 25% trade discount and 10% cash discount from patil and paid him have the amount due
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Answered by
5
Answer:
₹5400
Explanation:
Trade discount know at the time of purchase only and no entry for trade discount.
8000(-) 25%= 6000 is the value of goods.
Cash discount is given when you pay your debts fast or paying full amount in a single payment.
you should pass entry for cash discount.
6000 (-) 10%= 5400.
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