Question

Gaurav purchased goods for from Saurabh for rupees 30000 and Saurabh allowed him trade discount of rupees 3000
what will be the entry

Answer 1

purchases a/c dr. 27000
to saurabh a/c 27000
as trade discount is not mentioned in the entry

Answer 2

Here is your answer....

Purchases a/c. Dr. 27000
To saurabh 27000.
(Being good purchases on credit).

Hope it's help you.......
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