Question

19 Feb: Purchased goods of the list price of 10,000 at 20% trade discount
and 5% cash discount and paid the amount on 20th February.

what will be the entry in cash book(triple column)


plzz answer l need it

Answer 1

Answer:

purchase .......... dr...... 8000/-

Discount Received cr.. .. 400/-

Cash.............. ............. cr.... 7600/-