Purchased goods list price of 80,000 @ 10% trade discount and 2% cash

1.	Purchased goods list price of 80,000 @ 10% trade discount and 2% cash discount 25% of amount paid immediately. The amount posted to cash account will be _________
Answer» EXPLANATION: Purchases A/C DR. RS. 72,000 To CASH Discount A/C Rs. 1800 To cash A/C Rs. 70,200

Purchased goods list price of 80,000 @ 10% trade discount and 2% cash discount 25% of amount paid immediately. The amount posted to cash account will be _________

Answer»

EXPLANATION:

Purchases A/C DR. RS. 72,000

To CASH Discount A/C Rs. 1800

To cash A/C Rs. 70,200

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Purchased goods list price of 80,000 @ 10% trade discount and 2% cash discount 25% of amount paid immediately. The amount posted to cash account will be _________​

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Purchased goods list price of 80,000 @ 10% trade discount and 2% cash discount 25% of amount paid immediately. The amount posted to cash account will be _________