What is the general entry of ,sold goods to Yamini of list price of 25

1.	What is the general entry of ,sold goods to Yamini of list price of 25000 for 23000
Answer» SOLD Goods to Yamini of LIST price of 25000 for 23000....so loss to us is 25000-23000=2000 will be the DISCOUNT allowed.. so this transaction affects three ACCOUNTS ... sales a/c,d Discount allowed a/c (it is a nominal account.. because sales is an income&discount allowed is a loss...and all expenses losses Gains income come under nominal account) .. Yamini a/c...(it is Personal account).yamina is the receiver of goods.. we know that... Personal Account - Debit the receiver, credit the giver Nominal Account - Debit All expenses and losses, credit All incomes and gains so.... The JOURNAL Entry will be.. Yamini a/c Dr. 23000 Discount allowed a/c Dr 2000 To sales a/c. 25000 (being Goods Sold)

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

What is the general entry of ,sold goods to Yamini of list price of 25000 for 23000

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