sales tax accounting entries

[Sarfaraz.alam]

Assalamu Alaikum,

Dear I m not a expert but i think the journal entries can be post like,

At the time of Sale (Suppose Buyer will get the Both Discounts)

A/R 568.40Dr
Discount(Trade)5.00Dr
Discount(Cash) 5.00Dr
- Sales 500.00Cr
- Sales Tax 78.40Cr(After both discount)
----------------------
578.40Dr 578.40Cr


If the buyer paid earlier and avail the cash discount

Cash 568.40Dr
- A/R 568.40Cr
-----------------
568.40Dr 568.40Cr

if the buyer can't avail the cash discount then

Cash 574.20 Dr
Discount(Cash) 5.00Cr
Sales Tax (Cash)0.80Cr
A/R 568.40Cr
-----------------
574.20Dr 574.20Cr