Question

Purchase goods from ram worth 40000 10% on td 5%cd 1/4 cash and 1/4 by cheque

Answer 1

Dear student,

Purchases a/c                 Dr 36,000

Discount received a/c    Dr       900

                               To Cash a/c   9000

                                To bank a/c   9000

                                To Ram a/c   18,900  

Regards.