Question

Purchased goods of list price of 40,000
for 35,000 against cash.
which answer is correct
(a) purchases Alc. dr. 40000
To cash Alc. 35000
To Discount received Alc. 5000

(OR)

b) Purchases Alc. dr. 35000
To cash Alc. 35000
pls don't give wrong answers​

Answer 1

Answer:

(a)

Explanation:

Cash Discount is recorded in the books of Accounts