Question

Goods sold to Roma for 5,000 at 20% Trade discount and 3% Cash discount. Half
payment was received immediately​

Answer 1

Answer:

Cash a/c. Dr. 1940

Dis allowed Dr. 60

Roma a/c. Dr. 2000

To Sales a/c. 4000

Explanation:

Cash a/c. Dr. 1940

Dis allowed Dr. 60

Roma a/c. Dr. 2000

To Sales a/c. 4000

Answer 2

Answer:

so you have not mentioned what exactly you want but I am assuming the you want journal entries so I will leave journal entries for you —

Roma dr 2,000 (step4> remaining 2000 out of 4000 yet to be paid)

cash ac dr 1,880 (step3> 4000 had to be paid, half paid immediately which is 2000. and immediate payment means cash discount. so 2000- cash discount ie, 120 = 1880)

discount allowed ac dr 120 ( step 2> 3% of 4000)

To sales account 4,000 (step 1> ie, 5000 less trade discount; 20%)

(being goods sold to Roma with 3% discount allowed; half payment received immediately.)

(hope my answer was helpful to you. please mark me the brainliest, I'll be very grateful!)