Purschased goods from richa for rs 60,000 at 10% trade discount and 5% cash discount 60% amount paid by - Accountancy - Recording of Transactions - I

Question

Purschased goods from richa for rs 60,000 at 10% trade discount and
5% cash discount 60% amount paid by cheque immediately

Neeraj · Answer

1)?Trade discount = 60000 * ( 10 %) = 6000

2) Cash discount = ( 60000 - 6000 ) * 5% = 2700

3) Immediately paid by cheque = ( 60000 - 6000 - 2700 ) * 60%

? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? = 30780

Purschased goods from richa for rs 60,000 at 10% trade discount and 5% cash discount. 60% amount paid by cheque immediately.