Question

sold goods for 15000 at a trade discount 10% and cash discount 5%​

Answer 1

Answer:

Hey mate

here is your answer

list price--> 15,000

trade discount (10%)---> 1500

agreed price ---> 13500

cash discount (5%)--> 675

journal entry

purchase A/C dr 13500

to cash A/C. 15000

to discount A/C. 675

(being goods purchased at 5%cash discount)