Question

Purchase good worth ₹20,000 10% trade discount and 5%cash discount

Answer 1

Answer:

Hey mate...!!

Sales A/C Dr.                                      17000Trade discount A/C                            2000 Cash discount  A/C                             1000      To, Goods A/C                                                   20000[ goods sold worth Rs. 20000 with trade discount and cash discount. ] workings :Trade discount @ 10% = 20000 * 10% = 2000Cash discount @ 5% = 20000 * 5% = 1000

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