3. Maths Discussion D File Edit View Insert Format Tools Add-ons Help Last edit was. 6 Share 100% Normal text Times New... 12 + .. 15161 8 9110 111 112 113 114 115 116 11 12 13 * = $10,800 Cash discount Since a ledger account is maintained for cash discounts, this example will be explained using a journal entry Let us say, Sam bought some goods from Alen. The list price of the goods was $6000 with a 15%. Further, additional deduction of $200 was allowed for making a quick payment. Since, trade discounts are not recorded so only the discount allowed on quick payment will be recorded i.e. cash discount. Entry recorded by Alen