Question

journalise : goods invice price Rs100000 sold to ram at 20% trade discount and 10%cash discount​

Answer 1

Answer:

Ram A/c ..Dr 72,000

Discount Allowed A/c. ..Dr 8,000

To Sales A/c. 80,000

Explanation:

You will think That why I removed 20,000

Becoz From 1,00,000 at 20% trade discount It is 20,000 so from 1,00,000 we will minus 20,000 it will be 80,000 at it is not consider as discount because trade discount is given on list price it is not mentioned in journal

Answer 2

Answer:

This is not my standard question..........