Question

(35) X sells goods on credit to Y. He
receives 10% Trade discount from X
and a further 5% Cash Discount if
paid within 15 days. Y brought goods
with a list price of Rs. 2,00,000 from
X. Which of the following Journal
Entry would be correctly recorded
the sales in the books of X: *
O
(a) Dr. Y and Cr. Sales A/c by
Rs. 1,70,000
O
(b) Dr. Y and Cr. Sales A/c by
Rs. 1,80,000
O
(c) Dr. X and Cr. Sales A/c by
Rs. 1,90,000
(d) Dr. X by Rs. 2,00,000 and Cr.
O Sales A/c by Rs. 1,70,000 and
Discount A/c by Rs. 30,000​

Answer 1

b.dr Yand cr sales a/c by Rs 1,80,000

Explanation:

2,00,000×10%=1,80,000