Question

Goods sold on credit to tushar rs 20000@ 10%Trade discount

Answer 1

Answer:Tushar Dr. 18000

To sales a/c. 18000

Explanation:trade discount are not recorded in books of account while it deducted with the amount at the time of making transation

Answer 2

Explanation:

Hi,

10% of 20000 = 10/100 * 20000 = 2000

subtract 2000 from 20000 = 18000

Now,

Tushar account will be debited because Tushar is personal account and the rules of personal account is that debit the receiver and credit the giver.

So,

Tushar A/C ---------Dr 18000

---To Sales A/C --------- 18000

(Being goods sold to Tushar on credit)

Hope it will help you :)