1. Bought goods from Rupesh of the list price of 25,000 at 20%trade discount. 2. Settled the account of Rupesh by paying cash under a discount 5% cash discount (how many accounts in this question on journal question no. 2)
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purchase a/c dr 20,000
to Rupesh a/c 20,000
Rupesh a/c dr 20,000
to cash a/c 19,000
to discount received a/c 1,000
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