Question

purchase goods costing 60000 from akash and co. , Paid 50% immediately availing 3% discount

Answer 1

Answer:

purchase A/c ... Dr. 60000

To cash A/c 29100

To discount received A/c 900

To Akash & co.'s A/c 30000

Answer 2

Answer:

purchase A/c ... Dr. 60000

To cash A/c 29100

To discount received A/c 900

To Akash & co.'s A/c 30000

Explanation:

it is bcuz we purchased goods costing 60000 and 50% is paid immidietly but other 50% is a credit sale and we recieved discount on 50% paid immidieatly that is of 3%(900)