Question

Sold to haryana stores on cash basis goods worth RS. 500 subject to a trade discount of 15% and a cash discount of 5%. Pass journal entry. Please solve it is urgent .
If u don't know then don't answer me.​

Answer 1

Answer:

Cash Ac Dr. 403.75

Discount allowed Ac. Dr. 21.25

To Sales Ac. 425

Hope this helps....

Answer 2

cash A/c. dr. (as cash comes in). 403(round off)

discount Allowed A/c. dr. (expense). 21(round off)

to sales A/c (income). 425