Question

purchased from amar goods of 15000 less 20% trade discount and 10% cash discount and paid him half amount due

Answer 1

Answer:

purchase a/c dr 12000

To cash a/c 5400

To amar's a/c 5400

To discount received a/c 1200

Explanation:

Trade discount is not shown in the books which is 3000. It is deducted from amount