Question

Mr, Andy purchased 500 pieces of candy @₹200 each less 10% Trade Discount
and 5% Cash Discount from Mr. Sandy. 50% of the amount is paid at the time of
purchase. Please write the necessary Journal entry.

Answer 1

cash a\c. Dr. 42450

discount allowed a\c. Dr. 2550

Mr Sandy's a\c. Dr. 45000

to sales a\c. 90000