What will be the entry no spams pls
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Govind a/c Dr 10,800
to sales a/c 10,800
bank a/c Dr 10,260
discount a/c Dr 540
to govid's a/c 10,800
Explanation:
goods costing 10,000
add 20% profit. 2,000
total 12,000
less trade discount 1,200
net purchase 10,800
little bit mistake so I assumed 20% as profit
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