Question

Sold goods to harsh for 50,000 at 20% trade discount and 5% cash discount harsh paid 40% through a banker cheque

Answer 1

Answer:

(a) Harsh A/c - Dr. 2500

To Sales A/c 2500.

Bank A/c - Dr. 1000

To Harsh A/c 1000

Answer 2

Explanation:

Bank account a/c. dr. 15000

Discount allowed a/c. dr. 2000

Harsh. dr. 22800

To sale a/c. 40000