Question

Sold goods of Rs 10000 and gave a trade discount of 10%. half of the amount is received immediately on which cash discount is given @ 10
%. Make a journal entry of this.​

Answer 1

Answer:

Explanation:

Cash A/c Dr           4,050.00

Discount A/c Dr        450.00

Debtors A/c Dr       4,500.00

    To Sales A/c                      9000.00

(Being sold goods of Rs 10000 and gave a trade discount of 10%. half of the amount is received immediately on which cash discount is given @ 10

%)