Question

sold goods to Sudha of 10 lakh in on terms 10% cash discount and 20% trade discount after payment is received within 10 days she paid half Hafte amount and March 26 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.