Accountancy, asked by dipika8710, 11 months ago

purchased goods of Rs 90000at 10%TD and 10%CD from rakesh 1nd 1/3 amount received by cheque​

Answers

Answered by kaynatayubraza
2

Answer:

 Transactions             Dr.              Cr.

Purchases               72900                                                                                                                                                                                  

Discount Received    8100

                               Bank A/c      24300                                                                                                                                      

                                Cash A/c      48600

Explanation:

Cost of Goods = Goods Sale price - Trade discount (@10%)

=90000-9000

=Rs. 81,000  (trade discount is not recorded in books )

Cost of purchased goods = cost - Discount Received (@10%)

=81000-8100

=Rs.  72,900

By cheque (One-thrid of the ammount):

=81000(1/3)

=Rs. 24,300

In Cash:

=72900-24300

=Rs 48,600

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