Question

Sold Goods costing Rs.3,000 to Raja invoiced 20% above cost, trade discount 5% , CGST & SGST 5%, and cash discount 5% if payment is received within 1 week.What would be the entries if i) Raja paid us in 6 days, ii) Raja paid us in 9 days.

Answer 1

3000 ,20% ,5% are the numbers