Pass Journal Entries for the following transaction. Sold goods to Muskan of the list price of ₹ 4,00,000 at trade discount of 20%.
Pass Journal Entries for the following transactions:
[Ans. Total ₹ 6,40,000; Cash Discount ₹ 12,480.]
| 2025 | |
| Jan 6 | Sold goods to Muskan of the list price of ₹ 4,00,000 at trade discount of 20%. |
| 8 | Muskan returned goods of the list price of ₹ 10,000. |
| 15 | Received from Muskan the full payment under a cash discount of 4%. |
Anurag Pathak Answered question
