Question

Sold goods of RS 50,000 at 10% Trade Discount and 10% Cash Discount to Raj and
received 50% by cheque and 20% by cash.​

Answer 1

Answer:

Bank a/c dr 24,500

Cash a/c dr 9,800

Raj a/c dr 14,700

To Sales a/c 49,000

To trade discount a/c 500

To discount received a/c 500

Explanation:

(Being goods sold to Raj)