Can you please show the steps and calculation for the following transaction: 
Bought goods from kailash for Rs.20000 at a trade discount of 10% at cash discount of 2% paid 60% amount immediately.

Dear Student

The Step wise calculation for the purcase transaction  :

 
1. Bought Goods of the Value 20,000
Less : Trade Discount (20,000 x 10%) 2,000
2. Purchase value to be recorded in Books of Accounts 18,000
Less : Cash Discount (18,000 x 2%) 360
3. Total Amount to be paid to Kailash for purchases 17,640
60% Paid Immediately 10,584
Balance to be paid to Kailash 7,056


Regards

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Hopes it may helps you!

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Thank u jyoti it was really helpful.😊
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