Question

sales good at counter after allowing trade discount of 10% 10000 journal entry

Answer 1

cash a/c. Dr. 9000
to sales a/c. 9000
(10% of 10000= 1000
transaction value =10000 - 1000 =9000

Answer 2

Cash a c Dr. 9000
Discount allowed Dr. 1000
To sales a c. 10000

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