Question

Sold goods to Mahesh for ₹ 30000 at 10% td and 5% cd half of the amount received in cash
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Answer 1

USE THIS METHOD JUST CHANGE VALUES

50000 Goods Sold

10 % trade discount

50000×10÷100 = 5000

50000–5000 = 45000

50% received by cheque means Bank

45000×50÷100 = 22500

20% by Cash

45000×20÷100 = 9000

10% cash discount

Cash 9000 so ,

9000×10÷100 =900

9000–900 = 8100

Cash received 8100 and 900 is discount

Remaining balance 13500 goes to purchasers account suppose X's A/c

Bank ac dr 22500

Cash ac dr 8100

Discount ac dr 900

X's ac dr 13500

To Sales ac 45000