Question

Purchase good of Rs.10,00,000 from dinesh and receive trade discount 20% and cash 10% .75%payment received in cash and balance by cheque.​

Answer 1

Answer:

Explanation:

Purchase A/c................................................Dr.  8,00,000

      To Discount A/c                                                               80,000

      To Cash A/c                                                                    5,40,000

      To Bank A/c                                                                    1,80,000