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Journal — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountJournal1 Mark
MCQ
First Computers purchased computers from HCL Ltd. and availed both Trade Discount and Cash Discount. The transaction recorded in the books of account will be for:
  • ✓
    Net Invoice Value and Cash Discount.
  • B
    Trade Discount, Gross Invoice Value and Cash Discount.
  • C
    None of the above.
  • D
    Any of (a) and (b).
✓

Answer

Correct option: A.
Net Invoice Value and Cash Discount.
Net Invoice Value and Cash Discount.

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