Question

Sold goods to mohan worth Rs 80000 at 25% t.d. and 2% c.d.

and he paid 90% amount in cash​

Answer 1

Answer:

amount of goods = 80000

trade discounts = 25%

80000×25/100 = 20000

80000-20000 = 60000

2% cash discount =

60000×2/100

= 1200

60000-1200

58800

90% amount paid in cash

58800×90/100

=52920

Mohan. Dr. = 52920

Discount allowed A/c. Dr. = 27088 (20000+1200+5880)

= 58800-52920=5880)

To sales A/c. = 80000