goods sold to Mohan 100000 with 20%trade discount and 10%cash discount

1.	goods sold to Mohan 100000 with 20%trade discount and 10%cash discount only 75% money received in cash
Answer» Answer : ____________________________________ Journal Entry :- Cash Ac Dr... 54000/- Cash Discount Ac Dr...8000/- Account Receivable Ac Dr...10000/- To, Sales Ac Cr....72000/- ( Being Goods SOLD to Mohan, CASH discount allowed & Part payment RECEIVED. ) NOTE : TRADING DISCOUNT ISN'T CONSIDER IN BOOK OF ACCOUNTS _____________________________________ Thanks & Good day! © Sachin BhaleRao!!

goods sold to Mohan 100000 with 20%trade discount and 10%cash discount only 75% money received in cash

Answer»

Answer :

____________________________________

Journal Entry :-

Cash Ac Dr... 54000/-

Cash Discount Ac Dr...8000/-

Account Receivable Ac Dr...10000/-

To, Sales Ac Cr....72000/-

( Being Goods SOLD to Mohan, CASH discount allowed & Part payment RECEIVED. )

NOTE : TRADING DISCOUNT ISN'T CONSIDER IN BOOK OF ACCOUNTS

_____________________________________

Thanks & Good day!

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goods sold to Mohan 100000 with 20%trade discount and 10%cash discount only 75% money received in cash​