Question

Accounting journal entries where gst/trade discount /cash discount is levied how to solve stepwise

Answer 1

Answer:

Explanation:

It is generally recorded in the purchases or sales book, but it is not entered into ledger accounts and there is no separate journal entry. However, here is an example demonstrating how a purchase is accounted in case of trade discount.

Answer 2

Answer:

Explanation:

Answer: Explanation: It is generally recorded in the purchases or sales book, but it is not entered into ledger accounts and there is no separate journal entry. However, here is an example demonstrating how a purchase is accounted in case of trade discount.