Question

• Cash Discount & Trade Discount
5. Give journal entries for the following:
2017
January 1 Sold goods for 10.000 on credit to Kabil.
January 5 Kabil paid at 10% discount by cheque.
January 7 Cheque received from Kabil was sent to bank for collection.
(Hint When cheque is not deposited in the bank on same day, Cheque in Hand Alc
is debited instead of Bank A/c)
(Ans. Total of Journal 329,000]
11​

Answer 1

Answer:

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Step-by-step explanation:

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