solve the question with morden approach.
Answers
Answer:
salary a/c. dr 20000
wages a/c dr 6000
rent a/c dr5000
to bank a/c. 31000
purchase a/c dr27000
to discount a/c 540
to cash a/c. 26460
Raju. Dr 12000
to cash a/c. 5000
to bank a/c. 7000
cash a/c. dr1940
discount a/c. dr120
Roma Dr.1940
to sales a/c. 4000
bank a/c. dr5000
Ramesh. dr3000
to sales a/c. 8000
casha/c. Dr10000
assets a/c. Dr50000
to capital a/c. 60000
anil. dr1000
to discount a/c. 25
to cash a/c. 975
Raju. dr3000
to cash a/c 1000
to bank a/c. 2000
Mohan. dr5000
to discount a/c. 200
to cash a/c. 4800
Explanation:
30000×10÷100=3000.
30000-3000=27000
27000×2/100=540
27000-540=26460
5000×20/100=1000
5000-1000=4000
4000×3/100=120
4000-120=3880
3880/2=1940
trade discount does not show in journal entry