Question

Q13. Sold goods to Amar of the list price Rs.20,000allowing 10% Trade Discount and 2% cash
Discount.Amar paid 40% immediately.Calculate cash Discount allowed to Amar.
On selling the goods for cash of the list price of R$ 40.000 at 15% trade discount and 4% cash​

Answer 1

Answer:

What is the entry of trade discount?

Journal Entry for Trade Discount

It is generally recorded in the purchases or sales book, but it is not entered into ledger accounts and there is no separate journal entry. However, here is an example demonstrating how a purchase is accounted in case of trade discount.

Explanation:

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