write general entry....?
Mittal brothers purchase the 100 shawls @ rupees 3000 per shawl. allowed 10% trade discount and 3% cash discount if payment is made within 14 days. mittal Bros received 10 shawls of poor quality which it returned. mittel bros settled the payment in 10 days?
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Answer:
the answer is 4, 200 .
Explanation:
100 shawls = rps 3000 per
allowed discount = 10%
cash discount in 14 days = 3%
10 shawls of poor quality in 10 days return = PRT / 100 = 3000 × 10 × 14 / 100 .
= 30 × 10 × 14 = 4,200 .
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