Question

purchase goods ₹50000 @20% trade discount and 5%cash discount and 60% amt. paid by cheque​

Answer 1

Hope this❀(*´▽`*)❀ answer

Answer 2

Answer:

Explanation:

Purchases A/C     38000

To Trade Discount                 10000

To Cash Discount                   2000

WORKING NOTES

Goods Purchased  = 50000

Less : 20% Trade Discount = 10000

(50000 x  20/100)

Less: 5% Cash Discount =

(40000 x 5/100)   =                2000

Purchases A/C     38000

   To Bank                              38000