Question

sold goods to shreya rs 60000 at 10% t.d and 5 % c.d and receive cash what is the journal entry​

Answer 1

Answer:

cash a/c. Dr 51300

cash discount a/c. Dr 2700

to sales a/c. 54000

Explanation:

trade discount 60000^10/100=6000

cash to be received=60000-6000=54000

cash discount =54000^5/100=2,700

cash received =51300