purchased rupees 12000 12% Government Bonds at rupees 11760
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12%govt bond ac dr 12000
To cash / bank ac 11760
To discount received ac 240
To cash / bank ac 11760
To discount received ac 240
aiman69:
credit
okay
because its our gain
ok
sundry expenses will come in cr or dr
confusion
dr side of p&l account
profit and loss ac dr side
purchase goods of Rs 14000 at 5% trade discount how to solve
purchase ac dr 14000 to cash/bank ac 13300 to discounts received ac 700 (5% of 14000)
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