Question

Purchased goods from Mohan worth Rs.20,000 at 10% trade discount and 5% cash discount, paid 1/4
amount in cash and 1/4 amount by cheque.​

Answer 1

Answer:

purchase a\c. dr. 18000

to cash a\c 4275

to discount recived a\c. 900

to bank a\c. 4275

to vendors a\c. 8550