Question

purchased goods from sudhir of 55,000 at terms 10% trade discount and 5% cash discount paid amount at the time of purchase itself​

Answer 1

Answer:

purchase ac dr 49500

To cash ac 47025

To discount received ac 2475

Answer 2

Answer:

Purchases a/c. dr 49500

to cash a/c 47025

to discount received a/c. 2475

(for goods purchased from sudhir and 5% discount received)