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what is the difference between cash discount and trade
discount.
what is the journal entry for purchase of 100000 giving
(a) 5% trade discount
(b) 5% cash discount.
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Answer Posted / rajeev roy
Purchase A/C DR. RS. 95,000.00
T0 Discount A/C Rs. 4750.00
T0 Bank A\C/Cash A/c Rs. 90250.00
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