Question

ou. During the year, following uanseuns wu pa
Goods purchased from Parul for 20,000 at a trade discount of 10% and
discount of 2%. He paid 50% immediately and availed cash discount.
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Answer 1

Answer:

purchase a/c Dr 18,000

to cash a/c 8,640

to discount received a/c 360

to parul 9,000

Explanation:

20,0000 - 2,000 ( 10% T.D) = 18,000