Question

Purchased goods for cash Rs.10000 at 5% discount

Answer 1

HELLO
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5% OF 10000
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= RS 500
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THUS Purchased goods for cash Rs.10000 at 5% discount
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10000-500
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= RS 9500
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Answer 2

Purchases a/c. Dr. 10000
To cash a/c. 9500
To discount a/c. 500
(Being goods purchased
For cash @ 5% discount )