Question

Purchased Goods from Mohan Rs. 50, 000 at 10% trade discount.​

Answer 1

Explanation:

Sales amount=50000

(Less) Trade discount@10%=5000.

Amount after trade discount =45000

The Journal entry of the above transaction is:

Cash A/c Dr 8100

Bank A/c Dr 20250

Debtors A/c Dr 12150

To Sales A/c. 45000