Pass the journal entry of the following transactions:-
(a) Goods sold to Ram for Rs. 50,000 at 10% Trade discount and 5% Cash discount.
Ram paid only 20,000 cash .
(b) Goods purchased from Mohan of Rs. 30,000 at 10% trade discount and paid him
Rs. 25,000 for full settlement.
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Answer:
2500000 x25-1220 when ch is the 20*2883-90-hint34hu
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