Journalise the following transactions: Sold goods to Simran for ₹ 80,000 at 15% trade discount and 4% cash discount. Received 75% amount immediately through a cheque.
Journalise the following transactions:-
[Ans. Cash Discount on March 5th ₹ 2,040 and on March 10th ₹ 1,620.]
| 2025 | |
| Feb. 3 | Sold goods to Simran for ₹ 80,000 at 15% trade discount and 4% cash discount. Received 75% amount immediately through a cheque. |
| Feb. 11 | Purchased goods from Ved for ₹ 60,000 at 10% trade discount and 5% cash discount. 60% amount paid by cheque immediately. |
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