received a cheque from Shiv and cooperation to home goods were sold from 3000 last year allowed him to 2% discount pass journal entry
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Answered by
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2%is trade or cash discount
Bank A/C Dr. 2940
To Shiv and cooperation. 2940
if cash then
Cash A/C Dr. 2940
Dis A/C Dr. 60
to Shiv and cooperation. 3000
Bank A/C Dr. 2940
To Shiv and cooperation. 2940
if cash then
Cash A/C Dr. 2940
Dis A/C Dr. 60
to Shiv and cooperation. 3000
smartuanshu:
if trade then
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