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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 / mohammad rashid
purcahse a/c dr 95000
To Cas/Bank 90250
To Discount Recv. 4750
(Being amount paid against purchased of goods with received trade & cash discount)
| Is This Answer Correct ? | 1 Yes | 2 No |
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