Question

Purchased goods of the list price of rs.20000 from bahadur for cash at 10% trade discount and 5% cash discount.
Make a journal entry??

Answer 1

Goods A/c Dr. 17100
Discount Allowed A/c Dr. 900
To Bahadur 18000

Answer 2

Answer:

purchase A/c Dr. 18,000

To cash A/c. 17,100

To Discount Received A/c. 900