Question

sold goods of the list price Rs.50000 less 20% trade discount. Charged IGST @12%. Cash discount allowed @2% against cheque payment​

Answer 1

Answer:

you've not specified what you want.

assuming it's a journal :

Bank ac ...dr 43,904

Discount allowed ac ...dr 896

• To Sales 40,000
• To Output IGST 4,800

Explanation:

first trade discount. then tax. then cash discount.