Question

sold goods to Sudha for 100000 at 20% trade discount and 10% cash discount if the payment is received within 10 days she paid half of the amount on 26th March and 30% of the remainder on March 31

Answer 1

Explanation:

The role of accounting has now shifted from that of a mere recording of business transactions to that of providing information to managers and other various interested parties in order to help them in making appropriate decisions.