Question

Purchased goods of a list price 20000 from gopal at 10% trade discount returned goods to gopal of list price 4000 settlle the account of gopal under cash discount of 2%

Answer 1

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$\mathfrak{\blue{Question\::-}}$

i.) Purchased goods of a list price 20,000 from gopal at 10% trade discount.

ii.) Returned goods to Gopal of list price 4,000.

iii.) Settle the account of gopal under cash discount of 2%

$\mathfrak{\blue{Answer\::-}}$

i.) Purchases A/c___Dr.__18,000

_______To Gopal_________18,000

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ii.) Gopal _____________Dr.__3,600

_____To Purchase Return_____3,600

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iii.) Gopal____________Dr.__14,400

_________To Cash A/c_______14,112

____To Discount Received____288

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Answer 2

Answer:

Explanation:

i.)PurchasesA/c___Dr.__18,000

_______ToGopal_________18,000

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ii.)Gopal_____________Dr.__3,600

_____ToPurchaseReturn_____3,600

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iii.)Gopal____________Dr.__14,400

_________ToCashA/c_______14,112

____ToDiscountReceived____288