Question

Sold goods to Deepak of list price Rs. 20,000 less trade discount 10%
and cash discount 2%. Deepak gave cheque for 40% amount which
was banked.​

Answer 1

Answer:

you are asking for journal entry

Bank a/c. Dr. 7056

Discound allowed a/c. Dr 144

Deepak a/c. Dr. 10800

To sales a/c. 18000