Question

Purchased goods from Hari for rs 30,000 at 10% trade discount and 2% cash discount​. Journal entry?!​

Answer 1

Answer:

Purchases a/c .... dr. 27,000

To Hari's a/c 26,460

To Discount Received a/c 540

since trade discount is not shown, cash discount of 2% will be deducted from (30000-10%) Rs. 27,000.

so, cash discount = 2% of 27,000

= 540

Answer 2

Answer:

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