Question

Purchased goods from richa for 60000 rs. At10 percent trade discount and 5 percent cash discount 60 percent amount paid by cheque immediately

Answer 1

Answer:

purchase a/c Dr 54000

to cash discount 2700

bank account 30780

richa a/c 20520

Explanation:

purchase is expenditure so it would have Dr balance

cash discount received is income so cr balance

bank balance is getting reduce so cr

richa is our creditor so cr