InterviewSolution
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Dately. (b) 10% व्यापारिक छूट तथा 3% नकद छूट पर ₹ 8,000 का माल नकद वेचाGoods soldat 100% trade diccount journal entry |
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Answer» Explanation:1. Trade DISCOUNT is only recorded in the BOOKS and no entry is PREPARED for this.2. Presumed that cost of GOODS was Rs.8000.00. I understand from the statement that Goods worth Rs.8000.00 10 % Trade Discount and 3% cash discountTotal calculations will be as under:-Sale of Goods, worth Rs. 8,000.00Trade Discount 10% 800.00Sale 7,200.00Cash Discount 3% 216.00Amount RECEIVED Rs. 6,984.00Entry will beCash A/c Dr Rs. 6,984.00Discount A/c Dr 216.00 To sales A/c 7,200.00(being Goods worth Rs.8000.00 sold 10 % Trade Discount (Rs.800.00 and 3% cash discount Rs.216.00) |
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