GOODS PURCHASED FORM MANOJ & BROTHERS FOR CASH OF THE LIST PRICE OF RS.1,50,000 AT 5%TRADE DISCOUNT JOURNAL ENTRY
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When purchasing goods from Manoj and Brothers, the total discount is provided on bulk sales.
It is termed for purchase of goods that can be carried out by further cash discounts that is necessary for bank receipt or payments.
This is sure to involve bulk purchase of Goods from Manoj and Brothers.
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