Question

sold good worth Rs.10000 to shivaji at 5% trade dicont and 5%cash dicount he.paid 1/4payment in cash​

Answer 1

Answer:

cash a/c dr. 2256.25

shivaji dr. 7125

discount allowed a/c dr. 118.75

to sales a/c 9500

Explanation:

list price = 10,000

T.D @ 5%= 500

= 9500

1/4 th of 9500= 2,375

CD @ 5% = 118.75

= 2256.25