journal entry for sold goods to Kunhli list price 2000 sale subject to 10% trade discount and 5% cash discount payment is made immediately kangali availed of cash discount
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Answer:
cash a/c dr. 1710
discount allowed a/c dr. 90
To sales a/c. 1800
Explanation:
what we received is debitwd and we received cash from sales .So cash ac is debited . we gave discount to kunhil so it is our expense .So it discount ac is also debited .what goes out is credited so Sales ac is credited .
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