Question

sold goods of list price of rs2000 to gagan for cash 5% trade discount and 1% cash discount​

Answer 1

Answer:

cash a/c dr 1800

dis allowed a/c dr 200

To ganga a/c 2000

Answer 2

Answer:

Total discount = 5% * 2000

= 100

Next, 1% cash discount = 1% * 2000

= 20

Total discount = 120

Selling Price = 1880