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 Account

Debit. -₹54000

To Discount Account. - ₹ 1350

To Cash Account. -₹25650 To Bank Account-₹27000

Answer 2

Answer:

purchase a/c dr 60,000

to cash 25,650

to bank 25,650

to discount allowed 2,700