Question

jounral entry of sold good to amril lal of list price of ₹2,50,000 at 20% trade discount and 10% cash discount .Amril Lal paid₹1,20,000 immediately through a banker's cheque

Answer 1

bank a/c dr 1,08000
cash discount a/c dr 12000
trade discount a/c dr 24000
amrill a/c dr 96000
to sales a/c. 250000