Question

Purchase of goods for Rs.5000 (payable at a later date) for cash less trade discount 20% and cash discount 5%.
The journal entry is:
Purchase A/c Dr. 4000
To Cash A/c 3800
To Discount Received A/c 200

Can someone tell me whether inventory of goods ledger account be affected with this entry?

Answer 1

Answer:

cash discount 5 percentage