Question

Computer purchase from ravi 30,000 @ 10% Cash Discount & Journal Entry

Answer 1

COMPUTER A/C DR.          27000

      TO, CASH  A/C.                            27000

Answer 2

Ravi purchases a computer in ₹30,000

Cash discount = 10%

He purchases a computer in

10/100 × 30,000

So, ₹3000 off in 30,000

So, final price = 27,000