Question

Purchase goods on credit from mr.bajaj traders amount to rs.10000 at 10% trade discount & immediately sold the goods to mr.bafana on credit at 10% profit (+)

Answer 1

Answer:

Purchase a/c dr. 10000

to Bajaj traders a/c 10000

cash a/c dr 11,000

to goods a/c - 11000

than

bafana a/c dr. 11,000

to Sell a/c 11,000