Question

Bought goods from Amar at 10%Trade Discount =3000

Answer 1

Answer:

the journal entry :

purchase a/c   dr  2700

  to amar a/c                  2700

Explanation:

we deduct the trade discount@10% from the 3000 which is 300.

we do not write the 'trade' discount entry in the books we deduct it and  write.