Sold goods to Anil costing rupees 40000 for cash at profit 25% on cost less 20% trade discount

Sold goods to Anil costing rupees 40000 for cash at profit 25% on cost

1.	Sold goods to Anil costing rupees 40000 for cash at profit 25% on cost less 20% trade discount
Answer» 40,000×25/100=50,000(profit added)50,000×20/100=10,000 (trade discount deduct bt not show in the journal entrySo,Entry will beAnil Dr =40,000 To sales a/c =40,000