Question

Principal book,
6. Journalize the following transactions:
(15 Marks)
Purchase goods from ram rs 100000 at 10% trade discount . 60% wa the amount paid in cash

Answer 1

Answer:

purchase a/c Dr. 90,000

To cash a/c Cr. 54,000

To ram a/c Cr. 36,000

Explanation:

W.N. 1 . 1,00,000 TRADE DISCOUNT 10% = 10,000

now, 1,00,000 - 10,000 = 90,000

W.N. 2. 60% value paid in cash = 90,000 multiply 60% = 54,000

W.N. 3. CREDIT AMOUNT= 90,000- 54,000= 36000.

I HOPE IT'S HELPFUL FOR YOU