Question

purchase goods for 9000 less 10% cash discount​

Answer 1

Purchase account dr 9000.

To cash account. 8100

To discount received account 900

Answer 2

5,400.

Explanation:

If you purchased good for 90,000 (your local currency) with trade discount of 10%. You were liable to pay 81,000 i.e. 90,000 less 9,000. ... You got 10% cash discount. 10% of 54,000 =5,400.