Question

Ziba purchased 1,000 registers @ Rs 50 each less 20% Trade Discount and 3% Cash Discount if payment is made within 30 days . Ziba paid Rs. 10,000 within 30 days and balance amount after 30 days period. Purchased Account will be debited and Discount Received account will be Credited with​

Answer 1

Answer:

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Answer 2

Answer:

(x) Sold goods costing ₹ 10,000 at cost plus 20% less 10% trade discount to ... Sales Price = (10,000+20%=12,000−10%)=Rs 10,800 ... Auto Help made the payment after 30 days.