purchased goods list price of 20000 from naman at 15% trade discount against cash
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heyaa,,,
¤ Journal entry for purchased goods of list price 20,000 from Naman at 15% Trade discount against cash will be;
___________________________
Purchase a/c Dr 17,000
to cash a/c 17000.
(being goods purchased for cash)
___________________________
here;
¤ purchase is expense for the business so, it will be debited.
¤ and cash is going out so, it will be credited.
___________________________
hope it helps☺☺☺
¤ Journal entry for purchased goods of list price 20,000 from Naman at 15% Trade discount against cash will be;
___________________________
Purchase a/c Dr 17,000
to cash a/c 17000.
(being goods purchased for cash)
___________________________
here;
¤ purchase is expense for the business so, it will be debited.
¤ and cash is going out so, it will be credited.
___________________________
hope it helps☺☺☺
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