Question

bought goods from suman and co.worth rs..40000 at 5%cash dicount and paid half the amount in cash​

Answer 1

heyaa,,,

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journal entry for the above transaction will be :

Purchase a/c Dr 40,000

to cash a/c 19,000

to discount a/c 1,000

to Suman & co. 20,000.

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hope it helps...