Question

Bought Rs 30000 and trade10% and cash2% and paid 1/3

Answer 1

heyaa,,,
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journal entry for Bought Rs 30000 and trade10% and cash2% and paid 1/3 will be;
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purchase a/c dr 27,000
to cash a/c 8,820
to discount a/c 180
to creditors a/c 18,000
(being goods purchased and one fouth amount is paid to avail discount of 2%)
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hope it helps...☺☺☺