Question

sold goods costing rupees 20000 at a profit of 10% on cost less 5% trade discount and 2℅cash discount​

Answer 1

Answer:

Cash a/c Dr 20,482

Discount allowed a/c Dr 418

To sales a/c 20,900

Answer 2

Answer:

cash A/c. Dr. 20482

discount A/c. Dr. 418

to sales A/c. 20900