Question

goods sold to anil 6000 and allowed hik discount 10% journal entry​

Answer 1

Cash / bank account _______ Dr. 5400

Discount allowed account ____Dr. 600

To Anil account ________ Cr. 6000

(being goods sold to Anil with discount of rs. 600).

Calculation :-

6000 × 10 %100 = 600

Subtract 600 from total price 6000 - 600 = 5400.

And it is sold to Anil so we are receiving a discount so discount allowed account is shown and debited. It is debited because it is a reduction in revenue account.

Thanks .

Answer 2

Answer:

5400

Explanation:

goods sold to anil 5400