Question

purchased goods for 50000 from raj @10% TD and 5% cash discount​

Answer 1

Explanation:

journal entries for the question are:

1.purchase a/c.....dr 45,000. (50000-5000)

to Raj a/c. 45000

2.raj a/c.......dr. 45000

to discount receive a/c. 2250

to cash a/c. 42750

(10%of 50000=5000

5%of 45000=2250)