1.

Sold goods worth rs 9000 less 15% trade discount to Mr dheke please explain? journal entries​

Answer»

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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