Accountancy, asked by sandeshregmi1111, 11 months ago

Purchased Goods worth Rs 80000 at a 10% discount for cash

Answers

Answered by captainamerica05
2

Amount=80,000

Discount=10%

Discount in rupees=

80,000×10/100

=8,000

Amount after discount=80,000-8,000

=72,000


sandeshregmi1111: how to know that it is a cash or trade discount ?
captainamerica05: It is a cash
Answered by Chintumittu
2
cost of the goods is equals to rupees 80000

discount=10%

discount=discount%/100×m.p

discount=10/100×80000=8000

s.p =80000-8000=72000

so the discount cash =8000
selling price=72000
please mark it as brainslist answer

Chintumittu: please mark it as brainslist answer
Chintumittu: please please please please
sandeshregmi1111: Purchased A/c Dr........72000 To Cash A/c ..72000...? Is this a journal entry for that question?
Chintumittu: Yes
Chintumittu: please mark it as brainslist answer
sandeshregmi1111: how can we find that it is a trade discount or cash discount?
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