2. Sold goods to Mohan Bros., at a list price of Rs. 10,000 at 5% T.D. and received Rs. 9,450 in full settlement of his account. Journalize the above transaction in our books. [Ans. Cash discount Rs. 50.]
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Answer:
bank ac dr. 9450
cash discount ac. dr. 50
to mohan brow ac 9500
Explanation:
t.d. will not be incl this is combine entry you may post seperate entry for sales and then cash recieved
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