Purchase goods on list price of RS 40000 for RS 35000 for cash
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Answered by
4
HEY....UR ANSWER....
↘↙↘↙↘↙↘↙
PURCHASE AC DR 35000
DISCOUNT AC DR 5000
TO CASH AC CR 40000
↖↗↖↗↖↗↖↗
maybe it helps you
↘↙↘↙↘↙↘↙
PURCHASE AC DR 35000
DISCOUNT AC DR 5000
TO CASH AC CR 40000
↖↗↖↗↖↗↖↗
maybe it helps you
Answered by
4
Journal Entry ⏬⏬⏬⏬⏬⏬
Purchase A/c...........................Dr....35000
Discount A/c.............................Dr.......5000
................To cash A/c.......40000
Purchase A/c...........................Dr....35000
Discount A/c.............................Dr.......5000
................To cash A/c.......40000
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