Question

Journal Entries :

✨Goods sold worth rs. 3000 at 10% Trade Discount for cash to Raman.
With Explanation.
​

Answer 1

Raman to sales a/c .....3000

discount allowed a/c to cash a/c......300

Answer 2

Explanation:

Cash/bank a/c. Dr. 2700

To sales a/c. 2700

(being: Goods sold @10% TD)