What is the journal entry for
18/03/2019 sold goods to Hero Ltd less 10% trade discount Rs/-30,000
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Answer:
trade discount hero ltd less RS/-3000
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Hero Ltd ac dr 27000
Sales ac cr 27000
(Sales goods to hero ltd on credit )
Trade discount not recorded seperately
Sales ac cr 27000
(Sales goods to hero ltd on credit )
Trade discount not recorded seperately
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