Question

April 1 purchase good from Vinod of the list please of Rs 40,000 and 10% trade discount

Answer 1

01.04.xxxx Purchases A/C  Dr Rs.36,000

                          To Vinod A/C   Rs.36,000

(being goods purchased from Vinod @ 10% trade discount)

Answer 2

10% of 40000

(10/100)*40000

=4000.

now 40000-4000

=36000.