Question

Supplied goods costing Rs.1000 to Mohan issued invoice at above cost less 5%trade discount.

Answer 1

Heya mate.☺

Cost of goods =Rs 1000
less:Trade discount @5% of 1000= 1000×5÷100=50
new cost= 1000-50
= Rs.950

Journal entry=>
Mohan's a/c Dr950
__ to sales a/c 950

hope it helps✌