Question

Purchase goods of rs 35000 from manish on 8% cash discount

Answer 1

Hello..

journal entry..

Purchase a/c dr. 37800

____To cash a/c 35000

___To discount a/c 2800

(being goods purchased and received discount)

hope it helps..

Answer 2

heyaa,,,

journal entry will be :

purchase a/c Dr 35,000.

to cash a/c 32,200

to discount a/c 2,800

__________________________

hope it helps...