Difficult journal entry

akash (no) (160 Points)

20 June 2012  


 Sell goods amounting Rs. 5,00,000 as on 3rd march 2012 with a condition that if our customer pays the amount before 31 march 2012, then we will pay him discount 10%(valid till 31 march 2012, so my question is how will we pass journal entries in our books of account  IF OUR CUSTOMER MAKE PAYMENT BEFORE 31 MARCH 2012 AND IF HE PAYS PAYMENT AFTER 31 MARCH 2012.. (WILL WE MAKE ANY PROVISION FOR DISCOUNT ON DEBTORS) PLS XPERTS HELP ME I WANT JOURNAL ENTRIES FROM BEGNING TO END FOR BOTH CASES.. IF U KNOW THEN REPLY......