Question

Journalise the following transaction
The 4th part

Will mark as branliest

Answer 1

Answer:

Cash a/c Dr. 32980

Discount allowed a/c Dr. 1020

To sales a/c. 34000

(being sold goods @trade discount and @ cash discount)

Explanation:

Trade discount

40000×15% = 6000

so total cash is

40000 - 6000 = 34000

from this 34000 × 3% = 1020

i.e discount allowed

And 34000 - 1020 = 32980.