Question

good purchased from Atul rupees 10000 at 10% amount paid by cheque
what's the entry?

Answer 1

Explanation:

purchases a/c dr 10,000

to Bank a/c 1,000

to Atul a/c 9,000

(Being purchases made &10% cash paid )

**here we don't have any info regarding 90% of amount so we put that on credit.