Question

Sold Goods To Pratap
of The Least Price Of RS -20000
at trade discount Of 10%.​

Answer 1

Answer:

Since Trade discount is given before the actual financial transaction occurs we do not record it in the books of accounts.

Explanation:

So the journal entry will be,

Pratap Ac Dr 18000

To Sales Ac 18000

Calculation:

20000-20000*10%=18000