Question

sold goods costing rs 40000 to anil for cash at o profit of 25% on cost less 20% trade discount and paid cartage Rs 100 , which is not to be charges from costumer

Answer 1

40000× 25% =10000. profit %
add profit percent 40000+10000=50000
now - trade discount 20%
50000×20%=10000
50000-10000=40000
cash a/c. Dr. 41000
To sales a/c. 40000
To carriage a/c 100

Answer 2

Journal entry

Explanation:

                                                     Journal

Particulars                               Dr.(Amount)                 Cr.(Amount)

Cash  A/C                      Dr.       39900

Cartage  A/C                  Dr.           100

          To  Sales  A/C                                                              40000

(Being cash sales at Trade Discount)

we pass journal  

basic rules

Increase in Asset Debit

Decrease in Asset Credit

Expenses are debited

Sale is Revenue  hence , Credited

Transaction: sold goods costing rs 40000 to anil for cash

         Aspect 1.  Cash Is Increased and cash is asset and Increase in Asset  Debit

Aspect 2. Sale is Revenue and Rule is Credit

Aspect 3. Cartage is expenses  and Rule is Debit

#learn more

https://brainly.in/question/5772309