Question

sold timber to Rakesh of the list price of 10000and allowed him 10% trade discount.
journal entry ​

Answer 1

9000

10 percent of 10000 is 1000 so got discount of 10099

hence final prince=10000-1000=9000

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Answer 2

Explanation:

the answer is:--

•9,000

•AS 10% IS TRADE DISCOUNT SO IT WOULDN'T BE RECORDED IN JOURNAL.

•ENTRY WOULD BE:--

TIMBER A/C DR. 9000

TO RAKESH A/C 9000

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