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23-01-2024
Business

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On April 15, goods were sold to Mohan at a list price of Rs. 50,000, less a 15% trade discount against cheque payment. What is the journal entry for this transaction?
a) Debit: Mohan, Credit: Sales
b) Debit: Cash, Credit: Sales
c) Debit: Accounts Receivable, Credit: Sales
d) Debit: Sales, Credit: Mohan

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