Ans it... Plss...sold goods of 50000 at 10% trade discount and 10% cas

1.	Ans it... Plss...sold goods of 50000 at 10% trade discount and 10% cash discount to Raj and received 50% by cheque and 20% by cash... give it by full explaination how the entry came.. pls..
Answer» Answer: Bank a/c. ...dr. - 22,500 RAJ ...dr. - 13,500 cash a/c. ...dr. - 8,100 discount allowed. ...dr. - 900 to sales a/c 45,000 Explanation: WELL, trade discount is directly deducted from the sales and is not mentioned in the entry,but cash discount is always mentioned in the entry. so, 10% of 50,000 = 5,000 sales= 45,000 50% by CHEQUE ( which means by bank) 20% by cash REST 30% is to be paid which means raj is his debtor. thanks :)

Ans it... Plss...sold goods of 50000 at 10% trade discount and 10% cash discount to Raj and received 50% by cheque and 20% by cash... give it by full explaination how the entry came.. pls..

Answer»

Answer:

Bank a/c. ...dr. - 22,500

RAJ ...dr. - 13,500

cash a/c. ...dr. - 8,100

discount allowed. ...dr. - 900

to sales a/c 45,000

Explanation:

WELL, trade discount is directly deducted from the sales and is not mentioned in the entry,but cash discount is always mentioned in the entry.

so, 10% of 50,000 = 5,000

sales= 45,000

50% by CHEQUE ( which means by bank)

20% by cash

REST 30% is to be paid which means raj is his debtor.

thanks :)

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Ans it... Plss...sold goods of 50000 at 10% trade discount and 10% cash discount to Raj and received 50% by cheque and 20% by cash... give it by full explaination how the entry came.. pls..​

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Ans it... Plss...sold goods of 50000 at 10% trade discount and 10% cash discount to Raj and received 50% by cheque and 20% by cash... give it by full explaination how the entry came.. pls..