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Sale of Rs.10000, where in 50% is on credit and there 10%
discount on the immediete payment. Pass a journal entry for
this
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Answer Posted / manjunath
FOR SALES ENTRY.
CR SALES A/C 10000.00
DR PARTY A/C 10000.00
FOR RECEIPT GE.
CR PARTY A/C 5000.00
DR DISC ALLOWED A/C 500.00
DR CASH A/C 4500.00
| Is This Answer Correct ? | 4 Yes | 6 No |
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