Question

Purchased goods worth 1600 less 20% trade discount and 5% cash discount from Mahesh for cash and supplied them to Ramesh atleast price less 10% trade discount.
What is the journal entry?

Answer 1

HEY..

U R ANSWER ♠....

1. PURCHASE AC DR. 1280

TO CASH DISCOUNT AC 64

TO CASH AC. 1216

2. CASH AC DR 1152

TO RAMESH AC 1152

. HOPE HELPING 4 U....