Question

sold good coating 50000tradd discount 10% and cash discount 5%

Answer 1

Cash ac dr. 42750
discount allow ac dr. 2250
To Sales ac. 45000
( being goods sold t.d 10% & c.d 5% )

Answer 2

Trade Discount = 10%(50,000) = Rs.5000

Agreed Price = Rs.50,000- Rs.5000

Rs.45,000

Cash Discount = (Rs.45,000)5%= Rs.2250

Journal Entry

Cash A/C. Dr. Rs 42,750

Cash Discount A/C Dr. Rs.2250

To Sales A/C Rs 45,000

(Being goods sold)