Purchase goods from Anurag worth rs 200000at 5%cash discount and 10%trade discount paid full amount at the time of purchase
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purchase account Dr 180000
.........to cash account 171000
.........to discount account 9000
.........to cash account 171000
.........to discount account 9000
Answered by
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i assume journal entry made for above question
purchases =2,00,000
Trade discont = 2,00,000*10%
=20,000
Net purchases = puchases -trade discount
=2,00,000-20,000
=1,80,000
Journal entry
Purchases A/c Dr 1,80,000
To discount A/c 9000
To cash /bank A/c 1,71,000
purchases =2,00,000
Trade discont = 2,00,000*10%
=20,000
Net purchases = puchases -trade discount
=2,00,000-20,000
=1,80,000
Journal entry
Purchases A/c Dr 1,80,000
To discount A/c 9000
To cash /bank A/c 1,71,000
sujiritha95:
pls mark it as brainliest answer
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