Question

purchase a car RS 320000 at 5% trade discount and 60% pay it cash​

Answer 1

Thanks for asking :)

Answer :

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Journal Entry :-

➡️ Purchase Ac Dr...3,04,000/-

To, Cash Ac Cr...1,82,400/-

To, Account Payable Ac Cr...121600/-

( Being Car purchased, 60℅ cash paid )

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