Purchased goods from Dhevar and sons amounting to rs. 7,000.Terms trade discount 15% cash discount 5% if the payment was made on the spot .Half of the total amount becoming due paid on the same day and proportionate cash discount availed. Pass journal entry. only give me correct answer otherwise answer will be reported.
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Explanation:
total amount=7000
total discount 20%
offer 50%
total offer 70%
amount to be paid =70%of 7000= 7000-4900=2100
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