Question

Sold goods to Rekha RS 20000 at 10% t.d and received half amount immediately at 5% c.d.
journal entry with explanation.

Answer 1

Explanation:

1. rekha ac. 9000

cash. AC. 8550

discount allowed. 450

to sales ac. 18000

because,

trade discount not show in the journal entry

cash discount shows in the journal entry