Question

March 5 purchase goods from Mohan rs 20000 ,at 10%trade discount and 5%cash discount and full amount paid immediate

Answer 1

Answer:

March 5

Purchases A/cDr. ₹ 18,000 

 

  To Cash A/c    ₹ 17, 100

 

  To Discount Received A/c    ₹ 900

(Goods purchased for cash and received cash discount)

Answer 2

Explanation: March 5 20xx

name of the good purchase = fridge

amount = 20000 trade 10%

discount = 5% cash discount

total amount 20000-15 = 19,985₹

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