goods sold at 30%profit and gave 10% cash discount 26000 .what is journal entry for these ?
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Answer:
sales a/c dr. 33800
To cash a/c . 30420
To discount allowed a/c 3380
Explanation:
cost of goods = 26000
30%profit =7800
Total =33800
(-)10%C.D =3380
Total =30420
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