Question

sold goods to Garima for 1 lakh allowed her 20% trade discount and 5% cash Discover if the payment is made within 15 days cheaper one-fourth of the amount by cheque on 5 and 60% of the remainder on 15 in cash​

Answer 1

Answer:

garima. Dr. 80000

To sales a/c. 80000

Bank a/c. Dr. 30400

discount allowed a/c. Dr. 1600

To garima. 32000

cash a/c. Dr. 48000

To garima. Dr. 48000