Question

Journalize the following transactions: Sold goods to Manoj and Co. at list price of RS. 200000 less 15%trade discount and 4%cash discount on sale price . 60% amount recevied by cheque

Answer 1

Answer:

cash a/c dr. 97,920

Discount a/c dr. 4,080

Manoj & co. a/c dr. 68,000

To saled a/c 1,70,000