Sold goods of 10000 @10% trade discount and 2%. Cash discount purchaser gave cheque for 40%amount which was banked. Discount allowed will be debited by _
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trade discount = 10,000×10/100 = 1000
amount of cheque = 10,000-1000= 9000×40/100= 3600
amount of cash discount = 3600×2/100= 72
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