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Sold goods to Anil costing rupees …

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Sold goods to Anil costing rupees 40000 for cash at profit 25% on cost less 20% trade discount

    • Posted by Alpha Garg 4 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Vania ??? 4 years, 2 months ago

    40,000×25/100 =50,000(profit added) 50,000×20/100 =10,000 (trade discount deduct bt not show in the journal entry So, Entry will be Anil Dr =40,000 To sales a/c =40,000

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