Question

purchased goods from manohar Rs 70,000 with trade discount 5% and cash discount 2% and 1/4th payment paid in cash immediately. Solve it and fill it in journal entry. Solve it and i will mark you as brainlist​

Answer 1

Answer:

2018 ₹March 1 Manohar Lal & Sons started business with cash60,0002 Purchased furniture for cash10,0004 Purchased goods for cash25,0005 Bought goods from Kamlesh15,00010 Paid cash to Kamlesh15,00016 Purchased goods from Sohan6,00018 Purchased goods from Sohan for cash8,00020 Paid 

Answer 2

Answer:

Purchase A/c. Dr

To manohar a/c

To Discount Allowed A/c