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Answers
Explanation:
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Answer:
Explanation:
MARCH 1 PURCHASE A/C DR 80,000.00
TO BANK A/C 76,000
TO DISCOUNT A/C 4,000
(BEING GOODS PURCHASED FROM VISHWAS WORTH RS.1
LAC AND 20 % TRADE DISCOUNT)
MARCH 3 PURCHASE A/C DR 1,80,000
TO DISCOUNT 4,500
TO BANK 85,500
TO TRISHA 90,000
(BEING GOODS PURCHASED FROM TRISHA WORTH RS.2
LAC AND 10 % TRADE DISCOUNT)
MARCH 4 BANK A/C DR 19,200
CASH A/C DR 19,200
DISCOUNT A/C DR 1,600
TO SALES 40,000
(BEING GOODS SOLD TO NUPUR WORTH RS 50,000.00
LAC AND 20 % TRADE DISCOUNT)