Question

Purchased goods with 20% trade discount and 5% cash discount what is a journal entry of this transaction ₹50000

Answer 1

HEY.

U R ANSWER. ✌✌✌

⏬⏬⏬⤵⤵⤵

PURCHASE AC DR 38000

DISCOUNT AC DR 2000

TO CASH AC 40000

MAYBE IT HELPS YOU ☺☺✌✌❤

Answer 2

Journal Entry ⏬⏬⏬⏬


Purchase A/c................Dr....38000
Discount A/c.................Dr....2000
.........To cash A/c....40000