Accountancy, asked by helpslipkart, 5 months ago

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

Answers

Answered by anshklwr

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

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