Accountancy, asked by Defisha, 1 year ago

Make journal entry.....

Bought goods from Kailash for ₹20,000 at a trade discount of 10% and cash discount of 2 % . Paid 60% amount immediately.

Answers

Answered by shifawani30
31

Well i think u shouldn't judge anyone before knowing them.

What u said in attachment isn't NIBBA AND NIBBI , they are bro and sis

Plz atleast don't judge them without knowing them. , and also , no using bad words here.

Attachments:
Answered by deepanshuk99sl
0

Answer:

Journal Entry

  • Purchase A/c                      Dr        18000

                       To Cash A/c                                  10584

                       To Kailash A/c                                7056    

                       To Cash Discount A/c                     360

(Being goods purchased from Mr Kailash at a trade discount of 10% and cash discount of 2 % )

Working Note -

  • Trade Discount of 10% on 20000 = Rs. 2000

(The entry of trade discount is never recorded, it is simply deducted from purchase)

  • Purchase = 20000 - 2000 = Rs. 18000
  • Cash Discount of 2% on 18000 = Rs. 360

#SPJ3

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