Question

Sold goods to vishaka Rs 30000 at30% TD and received 30% amount in cash

Answer 1

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Answer 2

Answer:

viska A/c Dr. 14700

Cash A/c Dr. 6300

To Sales A/c. 21000

Explanation:

IN this case trade discount 30% provided at the time of sale so we cant'take into açcount so we can calculate following step. 30000 * 30/100=21000 is actual sale and we can receive 30% of amount from that 21000 that received Amount is 21000 × 30/100 = 6300