sold goods on john rs. 3000 at a trade discount of 10%
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Answer:
Journal entry
John A/c Dr 2700
To sales A/c 2700
(being sales made to john )
Explanation:
Trade discount should be deducted from sales and net sales should be debited .
3000 - (3000*10%)
3000-300
sales = 2700
Answered by
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your journal entry will be:
John a/c. Dr. 2700
to sales a/c. 2700
(being goods sold to John)
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