goods sold to mr x of rs5000/-,out of that we give him
discount allowed of rs 500/-,and we take setting charges of
rs1000/-.so what will be the entry?
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Answer Posted / tarun gupta
it depend of the product we can include the 1000 in goods value as well. so the entry is
Mr. X dr. 5500/-
Discount allowed Dr. 500/-
To sales account 6000/-
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