Saved Bookmarks
| 1. |
Purchase good of 8000 less 25% trade discount and 10% cash discount from patil and paid him have the amount due |
|
Answer» ₹5400 Explanation: Trade discount know at the TIME of purchase only and no entry for trade discount. 8000(-) 25%= 6000 is the VALUE of goods. Cash discount is given when you pay your debts fast or paying FULL amount in a single payment. you should pass entry for cash discount. 6000 (-) 10%= 5400. |
|