Question

purchased goods costing rupees 60000 from Akash & Co., paid 50% immediately availing 3% discount

Answer 1

heyaa,,
purchase a/c Dr 60,000
to cash 29100
to cash discount a/c 900
to aakash a/c 30,000
(being goods purchased from aakash)
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hope it helps. ☺☺☺

Answer 2

"Purchased Goods Costing Price = 60000 rupees

Paid 50 % immediate availing Discount = 3 %

Purchase a/c Dr = Rs 60,000

To cash = 29100

To cash discount a/c = Rs 900

To Akash a/c = Rs 30,000

(being goods purchased from Akash)  

3 important rules:

• Charge the recipient, credit the provider  

• Charge what comes in, credit what goes out  

• Charge every one of the costs and misfortunes, credit every one of the wages and gains"