sold to S Chauhan a trade discount of 6% and cash discount of 1% goods of the list price of rs 15000. he has paid 60% in cash
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S chauhan's A/c - - - - Dr 5640
Cash A/c - - - - Dr 8375
Discount allowed A/c. - - - - Dr 85
To Sales A/c. 14100
( Being goods sold to S Chauhan @ 6% trade discount and 1% cash discount
, he paid 60% cash immediately)
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