Question

Goods sold for Cash of the list price of Rs. 1,00,000 at Trade Discount 10% and 5% cash discount, cash A/c will be debited by​

Answer 1

Explanation:

50000 Goods Sold

10 % trade discount

50000×10÷100 = 5000

50000–5000 = 45000

50% received by cheque means Bank

45000×50÷100 = 22500

20% by Cash

45000×20÷100 = 9000

10% cash discount

Cash 9000 so ,

Cash received 8100 and 900 is discount

Remaining balance 13500 goes to purchasers account suppose X's A/c

Bank ac dr 22500

Cash ac dr 8100

Discount ac dr 900

X's ac dr 13500

To Sales ac 45000

Dr = Cr = 45000

solved.

please mark BRAINLIEST

9000×10÷100 =900

9000–900 = 8100

Answer 2

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Explanation:

In the books of journal Entry

particulars amount amount

Sales A/C Dr. 17000

Trade discount A/C 2000

Cash discount A/C 1000

To, Goods A/C 20000

[ goods sold worth Rs. 20000 with trade discount and cash discount. ]

workings :

Trade discount @ 10% = 20000×10% = 2000

Cash discount @ 5% = 20000 ×5% = 1000