Question

purchased goods from Ravi worth ₹3,00,000 at 10%T,D, and C, D, and paid ¼th amount in cash and ¼th amount by cheque then what is journal entry​

Answer 1

date. particulars. l/f. Dr. cr.

1. purchase a/c. Dr. 300000

less T.D. 10% Dr. 30000

cash discount Dr. 27000

to ravi. 243000

to cash a/c. 60750

to bank a/c. 60750