First Computers purchased computers form HCL Ltd . and availed both Trade Discount and Cash Discount. The transaction recorded in the books of account will be for:A. 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).

First Computers purchased computers form HCL Ltd . and availed both Tr

1.	First Computers purchased computers form HCL Ltd . and availed both Trade Discount and Cash Discount. The transaction recorded in the books of account will be for:A. 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 Answer - A Net Invoice Value and Cash Discount.