Accountancy, asked by hkr710958, 8 months ago

sold goods to nagpal of list price of 50000 at 20% trade discount and nagpal returned one-fourth of the above goods​

Answers

Answered by 20sejalmaheshwari
2

Answer:                         1st entry          

                    nagpal a/c dr 40000

                 discount a/c dr 10000

                  to sale a/c                             cr 50000

                              ( goods sold )

                                   

                                        2nd entry

                 sale a/c dr 12500

                  to nagpal                           cr 11250

              to discount a/c                      cr 1250

          ( 1/4 good received)

Explanation:

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