Question

purchased goods for ₹16,000 for cash at a trade discount of 10% and cash discount of 2%
Pass the journal entry​

Answer 1

Answer:

Purchased a/c dr. 14,400

to discount recieved a/c. 288

to cash a/c. 14,112

Answer 2

Answer: Purchases A/C Dr. 14400

To Discount received A/C 288

To cash A/C 14122

Explanation: