Question

purchase goods from Mohan brothers for 200000 at 10% TD and 10% of CD 75% of payment received through cash​

Answer 1

purchases acc dr......... 1,80,000

to cash acc ................. 1,21,500

to discount received acc,.....18,000

to mohan...............................40,500

(being , purchased good from mohan, paid 75% amount in cash recd. discount)

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