Goods purchased of list price of 25000 from Mayank less 20% trade discount and 5% cash discount and paid 40% by cheque journal entry
Answers
Answered by
63
Answer:
List price = 25000
Trade discount(20%). =5000
20000
Cash=12000
Bank=8000
Cash. =12000
Cash discount =600
Cash amount. =11400
Journal entry
Purchases a/c. Dr. 20000
To cash a/c. 11400
To bank a/c. 8000
To discount received a/c. 600
(Cash purchases)
Answered by
0
purchase goods 4,000 form Rajesh 10% T. D
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