Question

credit purchase from Ram and Co from 50000 cash discount will be received and 5% on payment of Bill within 10 days .cash paid to ram and co and discount availed of.​

Answer 1

Answer:

Further , receipt of money from Ram in Cash , results in increase of Cash, which is an Asset. When an asset is increased, the asset account is debited according to the Rules of Debit and Credit. So Cash A/c would be debited.

I hope you like this please like and vote this question

Answer 2

Answer:

credit purchase from Ram and Co from 50000 cash discount will be received and 5% on payment of Bill within 10 days .cash paid to ram and co and discount availed of.