A purchased goods for the list price of ₹ 60,000 with a trade discount @ 20% and cash discount @ 5%. A paid 40% on the date of purchase. The amount of cash discount will be :
CS Executive · Corporate and Management Accounting · PYQS · June 2024
A purchased goods for the list price of ₹ 60,000 with a trade discount @ 20% and cash discount @ 5%. A paid 40% on the date of purchase. The amount of cash discount will be :
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Financial Accounting
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