5th transaction????
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Answer:
cannot understand what you are saying. ...my dear friend or bro
Answered by
1
Explanation:
Actually in point b Mohit purchased goods from Rohit of ₹50000
but in point e he paid to rohith only ₹48500 in full settlement, which means mohith had been provided with ₹1500 (50000 - 48500 = 1500) Discount by rohith and the entries are
1) Purchases 48500
to Rohith 48500
2) Discount Allowed 1500
to Rohith 1500
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