Question

purchased goods from mitali worth rs 80000 at 10% trade discount and paid 25% in cash and 25% by cheque for which 10% cash discount is allowed
pass journal entry for this​

Answer 1

Answer:

purchase a/c dr 80000

To mitali A/c 72000

To discountA/c 8000

cash dr 18000

To mitali A/c 18000

bank A/c dr 16200

discount allowed dr 1800

To mitali A/c 18000