Question

bought goods on credit from mona Rs. 8000 at 6% trade discount​

Answer 1

Answer:

Explanation:

Purchase A/C Dr

To Mona A/C

(Being goods purchased from moona)

Answer 2

Answer:

Purchase a/c Dr. 7520

To Mona a/c 7520

(Being goods worth rs. 8000 purchased from Mona at 6% T.D )

Explanation:

Dist = 8000×6/100 = 480

Since it us trade discount deducted amt will be written in entry and cost price and dist will be mentioned in narration.