Question

priay purchased goods of$ 20,000 @ 2% Cash discount

Answer 1

In the books of Priya :

Purchases A/C. Dr. Rs 20,000

To cash discount A/C. Rs.400

To cash A/C. Rs.19,600

(Being goods purchased and cash paid)

Answer 2

Hey mate ✌️✌️

Journal Entry ⏬⏬⏬⏬

Purchase A/c............................Dr...20000
....To cash A/c...19600
....To cash Discount A/c..400

✨ Hope this helps you