Question

sold goods costing rs.80000at a profit of 20% on sales less 10% trade discount and 5% cash discount and received 60% by cheque​

Answer 1

Explanation:

80000+20%=96000

96000-5%-10%=82080

43200*60%=25920 by cheque

customer A/c. Dr. 82080

cash diacount. Dr. 9120

To sales a/c. 91200