Question

Find the journal entry of the given transaction.....

❛❛ March 6 Sold goods to Anuradha for 1,00,000 on terms 10% trade discount and 5% cash
discount if the payment is received within fifteen days. 80% payment is received
on March 18th by cheque. ❛❛
..
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Answer 1

Answer:

Pass the journal entry: March 6: Sold goods to Anuradha for Rs 1,00,000 on terms 10% trade discount and 50% cash discount if the payment is ...

Answer 2

Note: No cash discount will be allowed, since full payment is not received.