Question

Sold good to Mohan at list price of 30,000, less 10% trade discount

Answer 1

Given :-

SP of goods = 30000

less: TD @10%

So, 10% of 30000 will be

=3000

new SP will be 30000-3000

= 27000

Journal entry..

Mohan's a/c Dr 27000

_____To sales a/c 27000

(being goods sold)

hope it helps..