Question

sold goods to Kailash on credit 2000
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Answer 1

Answer:

hey mate the journal entry for this will be

Kailash a/c dr 85,000

to sales a/c 85,000

(being goods sold to Kailash)

working note

list price --> 1,00,000

trade discount (15%)--> 15,000

agreed price --> 85,000

HOPE IT HELPS