Goods worth Rs.10, 000 were purchased by B on which the traders allowed Rs.500 trade discount...
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Goods worth Rs.10, 000 were purchased by B on which the traders allowed Rs.500 trade discount and offer to given 5% cash discount if immediate payment is made. The Purchase A/c will be debited by A B C D Rs. 10,000 Rs.9, 800 Rs.9,000 Rs.9, 500 Goods worth Rs.10, 000 were purchased by B on which the traders allowed Rs.500 trade discount and offer to given 5% cash discount if immediate payment is made. The Purchase A/c will be debited by A B C D Rs. 10,000 Rs.9, 800 Rs.9,000 Rs.9, 500
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Discount are two types trade discount and cash discount Trade d... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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