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goods sold to mr x of rs5000/-,out of that we give him
discount allowed of rs 500/-,and we take setting charges of
rs1000/-.so what will be the entry?

Answer Posted / sunita

Sales A/c 5000
To discount 500
To Party A/c 4500

setting charges dr 1000
party a/c 1000

Is This Answer Correct ?    1 Yes 5 No



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