Sold goods from Rahim of Rs. 1, 00,000 less 10% Trade discount plus CGST AND SGST @ 9% each. Received the cheque from Rahim immediately and allowed 2% Cash Discount.
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Explanation:
trade discount
100000×10/100=10000
CGST AND SGST
100000×9/100=9000
CASH DISCOUNT
100000×2/100=2000
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