A customer On sales Accounts Receivable a/c Dr 10,000

purchases goods day To Sales Revenue a/c 10,000

worth OMR 10,000
from Company XYZ
on the terms 2/10 On Cash a/c Dr 9800
net 30 and pays Collection Sales Discount a/c Dr 200
within 10 days. day Accounts Receivable a/c 10,000

A customer On sales Accounts Receivable a/c Dr 10,000

purchases goods day To Sales Revenue a/c 10,000
worth OMR 10,000
from Company XYZ
on the terms 2/10 On Cash a/c Dr 10,000
net 30 and pays Collection Accounts Receivable a/c 10,000
after 18 days. day (No
discount)
A customer On sales Accounts Receivable a/c Dr 32,000
purchases goods day To Sales Revenue a/c 32,000
worth OMR 32,000
from Company XYZ
on the terms 1/10 On Cash a/c Dr 11880
net 30. The Collection Sales Discount a/c Dr 120
customer paid day (with Accounts Receivable a/c 12,000
12,000 within 10 discount)
days and paid the On Cash a/c Dr 20,000
balance after 29 Collection Accounts Receivable a/c 20,000
days. day (No
(12,000 discount discount)
20,000 no discount)
A customer On sales Accounts Receivable a/c Dr 45,000
purchases goods day To Sales Revenue a/c 45,000
worth OMR 45,000
from Company XYZ
on the terms 3/15 On Cash a/c Dr 28,000
net 45. The Collection Accounts Receivable a/c 28,000
customer paid OMR day 1
28,000 after 17
days and paid the On Cash a/c Dr 17,000
balance after 44 Collection Accounts Receivable a/c 17,000
days. day 2

A customer On sales Accounts Receivable a/c Dr 27,000

purchases goods day To Sales Revenue a/c 27,000
worth OMR 27,000
from Company XYZ
on the terms 1.5/10 On Cash a/c Dr 27,000
net 40 and pays Collection Accounts Receivable a/c 27,000
after 20 days. day