Question

Write your question here (Keep it simple and clear to get the best answer) goods to ramu at 2000 and give 20% trade discount

Answer 1

Answer:

Ramu A/c    Dr     1600

     To Sales A/c       1600

Explanation:

Trade discount will not be recorded in books and the value=2000*20%=400

Thus the value of sales=2000-200=1600