Received from gopi chand38000 by cheque after deducting 5percent cash discount
Answers
Answered by
16
hey mate here is your answer
cash is being received after deducting 5% cash discount = ₹38000
the original amount =
(38000 x 5/100) + 38000
1900 + 38000
= 39900
journal entry for this will be
__________________________________________
cash a/c dr. 38000
discount allowed a/c dr. 1900
to Gopi Chand a/c 39900
(being cash received and discount allowed)
cash is being received after deducting 5% cash discount = ₹38000
the original amount =
(38000 x 5/100) + 38000
1900 + 38000
= 39900
journal entry for this will be
__________________________________________
cash a/c dr. 38000
discount allowed a/c dr. 1900
to Gopi Chand a/c 39900
(being cash received and discount allowed)
Answered by
3
Explanation:
Receive cheque of RS 5700 from customer after deducting 5% discount
Similar questions