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.
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Cash a/c...... Dr 65000
Bank a/c...... Dr. 260000
Cash discount a/c....... dr. 1125000
To sales a/c 450000
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