Question

Sold goods at a price list of rs.10,000 at 5% T.D. and received 9450 in full settlement

Answer 1

cash A/C Dr Rs 9450

discount Allow Dr Rs 50

to sale A/c 9500

behind the goods sold to mohan bros, costing Rs - 10,000 at 5% T.D. Received Rs - 9450 in full settlement