Question

pass the journal entry of: sold goods to abhay at a list price 10000
10% trade discount and cash discount of 2% on payment within 10 days from the date of sales. abhay settled the payment in 5 days​

Answer 1

Answer:

• abhay ac dr. 9000

to sales ac 9000

• cash ac dr. 8820

dis allowed ac dr. 180

to abhay ac 9000