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Please tell me entry for following bill.
Goods 500
Disc- 10% 50
----------------
Bill Amt 450
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Answer Posted / amit garde
if goods are purchased then entry should be
by goods a/c ... dr 500
to cash a/c 450
to discount a/c 50
OR
IF goods are sold then entry should be
by cash a/c ... dr 450
by discount a/c... dr 50
to goods a/c 500
| Is This Answer Correct ? | 6 Yes | 2 No |
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