Question

sold to Vinay goods worth rupees 40000 less 5% cash discount and received from him 19000 net by cheque as part payment .journalise​

Answer 1

Answer:

bank / cash a/c 19000

vinay a/c. 17000

discount allowed a/c 2000

to sales a/c. 38000

Answer 2

Answer:

Bank a/c Dr 19000

Vijay a/c Dr 19000

Discount Allowed a/c Dr 2000

To Sales a/c 40000

( Being goods sold to Vijay with discount allowed @ 5% and received half of the amount )