Question

cash purchase 60000 at 10% TD and 5% CD half of the amount was paid in cash and remaining by cheque ​

Answer 1

Answer:

Purchase A/C...DR. 45000

To Henry A/C. 17200

To Bank A/C. 25800

To Discount Received A/C 2000

Working Note-

..Purchase done for 50,000 out of which we got trade discount 10%=5000

..Cash discount received 4%=2000

SO AFTER DEDUCTING TRADE DISCOUNT FIRST AND THEN SECOND CASH DISCOUNT,we get amount 43,000

..NOW 60%of 43000paid in cheque which is 25800

..17,200is still credit

Plz mark brainliest ❤️

Step-by-step explanation:

Answer 2

Step-by-step explanation:

by purchase a/c 25,650

bank a/c 25,650