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Sold goods worth rs 9000 less 15% trade discount to Mr dheke please explain? journal entries |
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Answer» Journal entry:- Mr dheke. Dr. 7650 To sales A/c. 7650 (being good SOLD to Mr dheke) Explanation: REMEMBER:- Trade discount is never recorded we simply deduct it in journal entry whereas cash discount does GET recorded Now how 7650 came:- 9000-(9000×15÷100)=7650 |
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