Accountancy, asked by vraj1452, 1 year ago

Purchase goods from Anurag worth rs 200000at 5%cash discount and 10%trade discount paid full amount at the time of purchase

Answers

Answered by munnajha
0
purchase account Dr 180000
.........to cash account 171000
.........to discount account 9000
Answered by sujiritha95
0
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   
     


sujiritha95: pls mark it as brainliest answer
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