Question

Purchased goods from desai worth 20000 trade discount 10% cash discount 5% cash paid immediately

Answer 1

Answer:

Purchase account. dr. 18000

To cash account. 17100

To discount received. 900

goods purchased of value 20000

(-) trade discount. 10%. 2000

==18000 cash discount 5% calculate on 18000

which is 900 so we have to pay 17100

Answer 2

Answer:

purchases goods worth rupees 20000 at a trade discounts of 10%