Question

Bought goods of list price * 12,000 less 15% trade discount
and 2% cash discount for cash.​

Answer 1

see here you bought good of 12000 and trade discount is 15% so your final bill amount which means purchase price is 12000-15% = 10200

after that you if you pay in cash then he will give you additional 2% cash discount

so journal will be

if you pay in cash then ,

purchase a/c dr. 10200

To discount a/c. 204

To cash a/c. 9996

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