Goods sold for ₹2000 at 10 trade discount for cash to suresh solution in journal entries
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Answer:
Explanation:
JOURNAL ENTRY
CASH A/c Dr. 1800
Discount A/c Dr. 200
To Sales A/c Cr. 2000
Trade discount should be recorded in books of accounts
Discount is 2000 * 10 % = 200
Cash received is 2000 - 200 = 1800
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