Accountancy, asked by niharnrk19p5u7a7, 1 year ago

sold goods worth Rs. 20,000 at 10% Trade discount and 5% cash discount

Answers

Answered by Anonymous
80

Cash A/C. Dr. Rs 17,100



Discount Allowed A/C. Rs 900


To Sales A/C. Rs.18,000


(Being goods sold )


niharnrk19p5u7a7: Thanks dear for helping me
Answered by franktheruler
39

Question:

sold goods worth Rs. 20,000 at 10% Trade discount and 5% cash discount. show the journal entry.

Answer:

Explanation:

                       In the books of journal Entry

particulars                                         amount       amount

Sales A/C Dr.                                      17000

Trade discount A/C                            2000

Cash discount  A/C                             1000

     To, Goods A/C                                                   20000

[ goods sold worth Rs. 20000 with trade discount and cash discount. ]

workings :

Trade discount @ 10% = 20000 * 10% = 2000

Cash discount @ 5% = 20000 * 5% = 1000

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