The company provided quantity discount (5%) for the customers if the total sells amounted more than 1 m (JD) during the two years from the relationship date. On 15/02/2020, the company sold units for  250,000 JD to a customer. The company expected that the customer will purchase units in more than 1 m (JD) during the next two years. The cost of unit was 210,000 JD.

What is a sales journal entry on 15/02/2020?

Answer rating: 100% (QA)

Based on the given information the company provided a quantity discount of 5 to ... View the full answer