make journal entry - sold goods of rs 8000 for rs 11000 and payment received by cheque at 5% discount .
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3
Answer:
bank account _______ Dr 18550
discount account -------dr 550
to sales account. 19000
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0
Answer:
Bank(Cheque) A/C.............Dr 10,450
Discount allowed A/C.......Dr. 550
To salesA/C. 8,000
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