Question 11 Chapter 8 of +2-Part-1 11. (Oversubscription) Punjab Spinning Mill offered 70,000 shares of 100 each at a premium of 20 per share to public payable as follows:Rs. 35 on applicationRs. 65 on allotment (including premium) Rs. 20 on Read More …
To Know the Difference Between Trade Discount and Cash Discount we have to know the meaning of the both with an example: 1. Trade Discount: Trade Discount means that amount of cut in the list/dealer price of goods which is Read More …
Before passing Journal Entry for Discount Allowed, we have to know about the meaning of discount and its type. I have explained the meaning of discount allowed in this article as follows: Meaning of Discount Allowed: The amount which the seller Read More …