Question

purchase goods from jatin & company of list price ₹50,000 say 20% trade discount and 3% cash discount. 50% of the payment was made immediately by cheque. ​

Answer 1

Working Note:-

Calculation of Trade discount:-

purchase amount = 50,000

20% Trade discount of 50,000=50000×20÷100=10,000.

Trade discount is 10,000.

Note:- Trade discount Not show in Journal.

Amount after Trade discount = purchase amount - trade discount.=50,000-10000 = 40,000.

calculation of Cash dicount:-

Note: -Cash dicount hum 40,000 ka karenge ab.

3% cash dicount of 40,000 = 40000×3÷100=1200.

3% cash dicount is 1200.

Now, net purchase Amount= 4000-1200=38,800.

Note:- cash Discount show karenge journal ma.

Payment only 75% of 38,800= 38,800×75÷100=29,100.

Note: - cash dicount Bhi humne jo 1200 nikal tha iska 75% hi jounal ma show karenge ye sabse important ha.

(1200×75÷100=900).

Answer 2

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Explanation:

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