Question

Purchased goods from Jay ₹ 60,000 on 5% Trade Discount and 10% Cash Discount and paid 1/3rd in cash & 1/3rd by cheque at the time of purchase
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Answer 1

Answer:

purchase a/c dr 57,000

discount receive a/c dr.1,900

to cash a/c 17,100

to bank a/c 19,000

to jay a/c 19,000