Journal Entry 
Chapter - 4
Question - 17

Enter the following transaction in the journal of Nikhil :
May 4 Sold goods of list price Rs. 1,00,000 at 10% trade discount to prashant.
May 8 Goods of list price Rs. 4,000 was returned by prshant.
May 14 He settled the account by receiving 5% cash discount.