Question

Purchase goods from vinod of the list price of 40,000 at 10% trade discount. Can the rupees will be credit or not and how many will be credit.

Answer 1

Answer:

Here is ur answer,

Purchase a/c Dr. 40000

To discount received a/c. 4000

To Vinod a/c. 36000

(being purchased goods from Vinod @trade discount)

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