Journal Entry 
Chapter - 4 
Question - 14

Record the following transaction in Journal :
  1. Goods sold on credit to Kamal worth Rs. 5,000 on the 20% trade discount and 5% cash discount.
  2. Goods purchased from Kishore on cash worth Rs. 2,000 in the condition of 10% trade discount and 2% cash discount. 
  3. Goods sold from Sanat worth Rs. 4,000 in the condition of 15% trade discount and 5% cash discount. He is paid 50% of net amount by cheque.
  4. Goods purchased worth Rs. 6,000 by sudhir in the condition of 20% trade discout and 2.5% cash discount, the 50% of paid up amount is paid by cash.