Question

Journalise the following transactions in the books of Laxmar 2018
Mar 1 Goods worth 6,000 sold to Sehwag at a trade discount of 5%.​

Answer 1

sales account. dr. 5700

to sehwag account. 5700

Answer 2

Answer:

It is a credit sales

Hence the personal account of the customer is debited since he is the receiver..5% of 6000 Rs. is 300..Hence amount paid is 5700 Rs.

Hence the journal entry is,

Sehwag A/C.....Dr. 5700

To Sales A/C 5700