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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

Answer Posted / iyyanar

cash a/c dr. Rs. 4500
discount allowed a/c Rs. 500
Creditors a/c Rs. 5000

To Sales A/c Rs.10000

Is This Answer Correct ?    0 Yes 3 No



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