Question

Practical Questions Q.Nos.1_25 are strictly in order of Illustration. 19. Journalise the following transaction: 1.sold goods costing rupees 20000 to Amit at 30% profit on cost less trade discount 10% and cash discount 2% but I'm it was not willing to avail cash discount

Answer 1

trade discount will not be taken into account it will deduct from the sales. Tha cash discount should taken into account at the time of payment if available