Question

1. Purchased goods from Mahindra and sone- Rs -
80,000 Trade dis . 12%
2. sold goods Costing Rs - 250,000 in which trade
dis.8% and cash dis-5%​

Answer 1

Journal Entry will be:

1. Purchase A/c Dr. 70,400 To Manindra & Sons 70,400.

2. Cash A/c Dr. 2,18,500, Discount Allowed A/c Dr. 11,500 To Sales A/c 2,30,000.

Answer 2

Answer:

5 rupees per month for a car