Question

Sold goods worth rs 4000 at 15% trade discount and 2.5% cash discount ,received 60%amount immediately with explanation

Answer 1

Answer:

Cash a/c dr 1989

Discount allowed a/c dr 85

Person's a/c dr 1326

To sales a/c 3400

Explanation:

Trade dis 600, cash dis on 3400 is 85.

3400-85= 3315. 60% rec ie 1989 rs

Answer 2

case discount only given to the receiving amount.. as per question.