Question

purchase goods of Rs 25000 from shyam storeand paid cash 60% immideately

Answer 1

Explanation:

Journal entry as follows:

Shyam stores 15,000 Dr.

to cash 15,000

Answer 2

Purchase a/c Dr 25,000

to Cash a/c 15,000

to discount received a/c 10,000

( Being purchased goods and received discount for immediate payment by cash)