Question

sold goods to rupak biswas worth rupees 5,00,000 @ 10% trade discount and 2 ½ cash discount. 80% of the payment received by cheque immediately and balance in cash.​

Answer 1

Answer:

Cash a/c...... Dr 65000

Bank a/c...... Dr. 260000

Cash discount a/c....... dr. 1125000

To sales a/c 450000