Journal entries for Sold goods of ₹50000 at 10% trade discount and 10% cash discount to raj and received 50% by cheque and 20% by cash.
Answers
Answered by
5
Answer:
Raj..... Dr. 10,350
Cheque in hand...... Dr. 22,500
Cash A/c....... Dr. 9,000
Discount allowded..... Dr. 3,150
To, Sales 45,000
Explanation: Cheque in hand (because owner recived cheque but didn't deposited it into bank.)
Similar questions