Question

5) Sold goods for cash of the list price of Rs. 1,00,000 at 15% trade discount and
3% cash discount.
6) Sold goods to Nagpal of the list price of Rs. 50,000 at 20% trade discount.​

Answer 1

Answer:

5) Cash A/C dr 85,000 { 15 % of 1,00,000}

To sales A/C

6) Cash A/C dr 40,000 { 20% of 50,000}

To sales A/C

Explanation:

using golden rule or ancient approach.