Accountancy, asked by piyushlohar138, 1 year ago

What the journal entery for sold good rs50000 at 10percent trade discount and 10percent cash discount to raj received 50percent by cheque and 20percent cash

Answers

Answered by vinay55jain

1

Answer:

By bank Rs 20250 &

By cash Rs 6200 &

By Debtors Rs 14050

Explanation:

Cash A/c. 6200

Bank A/c. 20250

Debtors A/c. 14050

Discount A/c. 4500

To Sales A/c. 45000

(Being god sold at 10% trade discount and 10% cash discount)

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