Question

January
1 A commenced business with 50,000.
2 Bought goods of the list price of 10,000 from Ram less 10% Trade discount and 5% cash discount for cash





1; Ans:cash A/C —Dr50000
To capital —A/C50000

2;Ans: purchases A/C—Dr9000
To cash A/C—8500
To discount received A/C-450

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Answer 1

I dunno dea....!!!!! sorry ....thanks for free points

Answer 2

Answer:

answer in explanation:

Explanation:

1. cash a/c dr. 50,000

to capital a/c dr. 50,000

(being business commenced)

2.purchases a/c dr. 9,000

to cash a/c. 8,500

to discount received a/c 450

(being goods purchased at discount)