Question

goods sold to kapil 70,000 @ 2% cash discount in 1/2 down payments & Journal Entry ?
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Answer 1

Answer:journal entry

Explanation:

Bank/cash a/c dr 34300

Kapil's a/c dr 34300

Discount a/c dr 1400

To sales a/c 70,000

(Being goods sold to kapil

At discount of 2%)