Question

Goods worth 6000 sold to amit at a trade discount of 5%

Answer 1

Explanation:

the journal entry will be

amit a/c dr 5700

to sales a/c 5700.

( being goods sold to amit at a trade discount of 5% )

Answer 2

Answer:

Golden Rules of Journal

Personal account rule

Debit- The receiver.  

Credit- The giver.  

Real account rule

Debit- What comes in.  

Credit- What goes out.  

Nominal account rule

Debit- All expenses and losses.  

Credit- All incomes and gains.  

Now

The journal entry will be

Amit's A/C     DR          ₹ 5700

       To Sales A/C                  ₹ 5700

( Being goods sold to Amit at a trade discount of 5% )