Question

Please tell me the journal entry

Purchased goods for cash from Govind for Rs. 6,000 at 20% trade discount

Please dont give useless answers

Answer 1

${ \pink { \underline { \bf{Thanks\:For\:Asking}}}}$

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${{ \underline { \bf{JOURNAL\:ENTRIE}}}}$

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▶️ Purchase Ac Dr.....4800

To, Govind Ac Cr....4800

[ Being purchased goods from Govind for cash ]

${{ \bf{Calculation\:Of\:Trading discount}}}}$

6000 - 20℅ = 1200

Trading discount is ₹1200

[ This trading discount not recorded in the books of account ]

️▶️${{ \underline { \bf{NOTE:-}}}}$

"TRADING DISCOUNT" is not considered in journal entries.

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