Question

Sold goods rs 60,000 to vimal recieved 50% of due amount allowed 2% discount
Journal entry

Answer 1

Answer:

vimal a/c Dr 60,000

sales a/c 60,000

bank a/c Dr 29,400

discount allowed Dr 600

to vimal 30,000

Answer 2

Explanation:

Cash a/c. Dr. 29,400

Discount a/c dr. 600

Vimal a/ c. 30,000

To sales a/c. 60,000